💨 Abstract

Amidst a struggling Chinese economy, Hong Kong stock markets experienced a significant downfall following the National Day celebrations, as investors were disappointed by the lack of specific stimulus measures announced by the National Development and Reform Commission (NDRC) to support the economy. Economists criticized the NDRC for not proposing practical measures, with some claiming that the announced spending plans were already in place rather than additional fiscal stimulus for the economic downturn.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖