HONG KONG/SHANGHAI -- The sugar high from China's latest batch of economic stimulus is wearing off, as Beijing's Ministry of Finance prepares for a high-stakes briefing and questions swirl over authorities' resolve.
Euphoria triggered by interest rate cuts and incentives for stock investment in late September cooled shortly after the country's top economic planner delivered no major new initiatives on Tuesday. As of Thursday's market close, China's benchmark stock index and its Hong Kong counterpart were down 6% and 8% from their recent peaks, respectively.
