No new stimulus in China, but investors remain hopeful

Mar 5, 2009

Moody's Economy.com economist Sherman Chan expects sentiment to tumble if the nine-day National People's Congress meeting doesn't produce new plans to prop up the economy.

The much anticipated annual meeting of China's National People's Congress (NPC) began yesterday. In the run-up to the nine-day meeting, hopes were high that China would announce more stimulus measures, propelling the benchmark Shanghai Composite Index to its sharpest gain in nearly four months on Wednesday.

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