Equity markets in China led gains in Asia on Monday, amid expectations that Beijing will roll out further stimulus measures to ward off a sharper slowdown in the world's
second-largest economy.
The government will convene later this month to discuss the 13th five-year plan and investors seem excited about the prospects of stimulus and other growth measures, noted
analysts at the Bank of America Merrill Lynch.
Meanwhile, a report by the China Securities Journal that quoted a senior central banker saying that the country's stock market correction is "almost over" may have further
fanned risk appetite on Monday
Yi Gang, deputy governor of the People's Bank of China (PBOC) told an annual meeting of the International Monetary Fun (IMF) and World Bank in Peru that the corrections in the
mainland's equity market have had limited impact on the world's second-biggest economy as Beijing has taken a series of measures to avoid systemic risks, Reuters reported.
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