China's Finance Minister Lan Fo'an (C) speaks next to Vice Minister of Finance Wang Dongwei (2nd-L), Vice Minister of Finance Liao Min (2nd-R) and Vice Minister of Finance Guo Tingting (R) during a press conference in Beijing on October 12, 2024. ADEK BERRY/AFP via Getty Images
China has kept the world on the edge of its seat for a significant spending package after announcing in late September an injection of about 2 trillion yuan ($283 billion) into its flailing economy.
Yet nothing happened at two high-profile press conferences on Oct. 8 and Oct. 12. Senior leaders discussed an upcoming fiscal stimulus extensively but stopped short of sharing any details.
