From CNBC: 2024-11-03 18:03:52

China’s stimulus plans hinge on U.S. election results, with potential for a larger package under Trump. Increased tariffs could impact China’s exports. Analysts debate whether China’s relations with the U.S. would be better under Trump or Harris. Market volatility in China may lead to increased stimulus.

China may issue over 10 trillion yuan in debt over a few years, potentially exceeding 4 trillion yuan in one announcement. Consumption stimulus may focus on property support, with local governments facing debt collection challenges. Direct consumer handouts are less likely with additional stimulus likely going to banks. 1. The FDA has approved Pfizer’s COVID-19 vaccine for emergency use in children ages 5 to 11. This decision was based on a study showing the vaccine was safe and effective in this age group.

2. The United Nations reports that the world is not on track to meet its goal of limiting global warming to 1.5 degrees Celsius. Current climate commitments from countries are not enough to avoid catastrophic climate change.

3. In a landmark decision, the Supreme Court has agreed to hear a case challenging Mississippi’s restrictive abortion law. This case has the potential to overturn the landmark Roe v. Wade decision that legalized abortion nationwide.

4. The World Health Organization has declared that the COVID-19 pandemic is not yet over, despite progress in vaccination efforts. The organization warns that new variants and unequal access to vaccines pose ongoing challenges to ending the pandemic.

Read more: China gears up for big week ahead of U.S. elections, stimulus hopes