China Stocks Rise 1.9% as Fiscal Support Hinted. CSI 300 Index Surges 25% Since September Low.

Benzinga 2024-10-14

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Chinese stocks rebounded Monday, with the CSI 300 Index climbing 1.9% after Finance Minister Lan Fo’an hinted at increased fiscal support during a briefing. The index has risen 25% from its September low, with property stocks surging above 4%. Goldman Sachs upgraded its forecast for China’s economic growth in 2024 and 2025, noting a shift in policy focus toward expansion. Weak trade and price data highlight ongoing economic challenges.

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