Fresh stimulus to boost economy

Spending push: People at a night market in Qingdao, China. Experts hope a recent barrage of fiscal measures will address deflationary risks in the the country’s economy. —Bloomberg

BEIJING: China will step up countercyclical adjustments of its macro policies to bolster economic recovery in the fourth quarter, which will lay a solid foundation for achieving the annual growth target of around 5% this year, say officials and economists.

Investors are closely watching for clues on new incremental policies as the recently announced stimulus package significantly boosted market confidence and expectations.