Chinese authorities have unveiled their biggest fiscal package in recent years, in their latest effort to jump-start economic growth as they battle trade tensions and the threat of sweeping new tariffs from Donald Trump.
The highly anticipated Rmb10tn ($1.4tn) plan, which followed a monetary policy package in September, was focused on clearing up billions of dollars in local government debt that has dragged on growth. But it stopped short of supporting household spending and tackling a property sector slowdown, as some investors had hoped.
The Hong Kong-listed Hang Seng China Enterprises index slipped 1.4 per cent on Monday.
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