Chinese stocks were volatile on Monday after Beijing sought to reassure investors over the weekend about its plan to increase spending to boost the world’s second-largest economy.
The finance ministry on Saturday said it planned to recapitalise local governments and state banks and buy unsold property as part of its stimulus plans but held back from providing detailed figures.
Chinese investors, who kicked off a record stock market rally in late September after Beijing announced monetary stimulus, are waiting for the government to reveal its planned fiscal expenditure.
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