China's finance minister says there is 'large room' for fiscal stimulus

Lan Fo'an declines to give hard numbers, says policies in 'decision-making process'

20241011 china stimulus

Morning rush hour in Beijing's Central Business District. The Chinese Ministry of Finance briefed the media on Oct. 12 after the stock market ended a turbulent week on a cautious note. © Reuters

WATARU SUZUKI and STELLA YIFAN XIE, Nikkei staff writers

SHANGHAI/HONG KONG -- China's Ministry of Finance on Saturday outlined plans to step up fiscal support to local governments, state-owned banks and consumers, but stopped short of announcing the size of a stimulus package hotly anticipated by investors.

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