stimulus

Zhang added that because China appears to be "on track" to achieve the five percent annual growth target, stimulus measures before the end of the year are not expected.

China’s economic growth momentum slowed in October, weighed down by a high base from the previous year when Beijing rolled out stimulus measures to support a cooling economy, according to official data released on Friday.

However, the 2023 deal didn’t work out amid fallout from the hedge fund scandal and slowing sales as pandemic stimulus checks ran out.

“We do not see stimulus checks in the near future, but could see greater congressional interest as we approach the midterm elections, especially if we see weakness among consumers,” the analysts wrote in a note.

Further, officials could incorporate into its forecast the expected fiscal stimulus from the Canadian government’s annual budget plan, which was released last week.