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.
