The State Council Information Office of China will hold a press conference on October 8, 2024 at 05:00 (UTC+3 Turkey time) to introduce new policies to boost economic growth and answer questions from reporters.

The announcement of these stimulus measures has already had a significant impact on China’s financial markets, with the stock market posting its biggest single-day gain since 2008.

The press conference will feature key officials including National Development and Reform Commission (NDRC) Director Zheng Zhajie, as well as Deputy Directors Liu Sushe, Zhao Chenxin, Li Chunlin and Zheng Bei. They are expected to discuss the implementation of a comprehensive package of incremental policies designed to promote structural economic improvements and sustain positive development trends.

The economic incentives recently announced in China have also caused some movement in the cryptocurrency market. Therefore, cryptocurrency followers will be following this meeting and its results in the new week.

*This is not investment advice.