China adds 6 trillion yuan in hidden debt relief, pledges more stimulus – as it happened

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app.

China’s top legislative body, the National People’s Congress Standing Committee, concluded a week-long session days after Donald Trump was confirmed as the next president of the United States. A press conference was held shortly after the proceedings.

The hotly anticipated stimulus, which would be deployed to help the country reach its target of “around 5 per cent” for gross domestic product growth, may not be as broad or as immediate as initially presumed. After two quarters of weakness, the world’s second-largest economy has shown signs of a rebound, with the official purchasing managers’ index returning to expansionary territory in October.

– China to unveil fiscal stimulus plans on Friday, may hold fire until early 2025: analysts

– In stimulus signal, China’s top legislature mulls debt swap plan on first day

– As China’s top lawmakers gather, what’s in store for the economy?

– Will China’s top legislature give the green light to fiscal stimulus package?

– Investors await China’s NPC meeting for catalysts to sustain US$4 trillion stock rally

– Chinese economists push reform as stimulus takes hold, but Trump win creates uncertainty