China's Fiscal Support Details Expected

This is a China news story, published by CNBC, that relates primarily to Scale of Beijing news.

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fiscal stimulus plans

CNBC

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China gears up for a big week as markets await U.S. elections and stimulus details

Summary

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88% Informative

Investors expect details on China 's fiscal stimulus plans be come out Friday , after Beijing considers the U.S. presidential election earlier in the week .

China is considering more than 10 trillion yuan in debt issuance over a few years , Reuters reports.

Analyst: Scale of Beijing 's stimulus will be determined not by who wins the election, but the stock market reaction.

It will "probably be quite a while" before local authorities "feel they have the cash to spend," she says.

Dozens of companies in China this year disclosed in stock exchange filings that they have received notices from local authorities to pay back taxes tied to operations as far back as 1994 .

The finance ministry has emphasized its focus on addressing local government debt problems.

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