Chinese Premier Li Qiang said ahead of the US presidential election that Beijing has “ample space for fiscal policy and monetary policy.”
China is playing up its economy as the US heads to the polls in a closely watched presidential election.
On Tuesday, Chinese Premier Li Qiang touted his country’s economy, saying he’s confident of hitting its GDP growth target of around 5% this year, according to state media.
He also drummed up market expectations for more economic stimulus, saying Beijing has “ample space for fiscal policy and monetary policy.”
Li’s remarks came just as the Purchasing Managers’ Index survey from Caixin and S&P Global showed October services activity in China expanded at its fastest pace in three months. Business confidence also rose to the highest level since May, the private-sector survey showed.
