From Barron's, November 2:
The National People’s Congress Standing Committee, which has the power to approve budget adjustments, is expected to meet from Monday through Friday.
As a key committee of China’s National People’s Congress meets this coming week, investors are again hoping Beijing will approve a fiscal stimulus big enough to revive the world’s second-largest economy.
Expectations have been rising since Beijing made a more concerted effort in September to show that authorities were focused on stabilizing the economy following a string of weak economic data and signs of growing deflationary pressures. The iShares MSCI China exchange-traded fund is up 21% so far this year, though it has fallen from its peak because Beijing has been slow to spell out what actions it might take.
While authorities have trickled out some measures, analysts and fund managers want to see more. The list of structural challenges facing the economy ranges from turning around the battered property market to finding new sources of economic growth, and while market watchers believe new approaches are needed, most analysts expect authorities to continue on their slow path to stimulus.
That could be a disappointment to investors....
....MUCH MORE
