From CNBC: 2024-10-11 22:33:58

China’s finance minister, Lan Fo’an, discussed increasing debt and deficit policies at a press briefing. Analysts project fiscal stimulus needs of 2 trillion to over 10 trillion yuan. At risk are struggling local government finances and declining real estate. All eyes are on October 18 for third-quarter GDP results. Markets remain volatile.

Read more: Chinese finance minister hints at increasing the deficit at highly anticipated briefing