The date of the China Standing Committee meeting that the world is waiting for has been announced

The parliamentary meeting, where the financial markets are eagerly awaited and important decisions can be made about China's monetary expansion policies, will be held between 4-8 November. Investors were especially curious about how the possible monetary expansion period, the details of which have not been disclosed recently, will occur.

The meeting where the Standing Committee, which is affiliated with the National People's Congress in China, is expected to make decisions on monetary enlargement policies, will be held on November 4-8. The coincidence of this meeting with the US elections on November 5 and the Fed interest rate decision on November 7 does not escape the eyes. Therefore, it is obvious that the first week of November will create financially volatile times...

At the committee meeting held in October last year, it was decided to increase China's financial debt deficit from 3% to 3.8%. Therefore, this meeting is of great importance in terms of the decision of the parliament to reorganize the debt deficit or the national budget.

As it is known, China plans to make various regulations in this sense and to support the poor construction sector, especially since it has not reached its growth figures for 2024 so far.

The details given in the press conferences held by both the central bank and the finance minister in the past weeks did not convince the world financial markets. However, in this meeting, much more effective and clear decisions are expected to be made.

The first statements about the financial support package in China were made in September, and then there were serious increases in Chinese stocks. Chinese media stated that the state plans to support both households and the construction sector by issuing long-term bonds. The financial stimulus package is expected to reach up to $850 billion over the next 3 years.