The cabinet meeting, which analysts said was a direct response to the stock market selloff, was chaired by Chinese Premier Li Qiang—the country’s No. It led to speculation that China is planning a big stimulus package to boost the stock market, although market participants said the details are murky. The national team is typically defined by analysts to include insurers, pension funds and China’s sovereign-wealth fund. China’s government has a love-hate relationship with the stock market. The finance ministry cut a stock–trading tax to encourage China’s powerful army of mom-and-pop stock traders back to the market.

Source: Wall Street Journal January 23, 2024 11:57 UTC