China stimulus

China entered the fourth quarter with a more balanced economy as consumption growth nearly caught up to factory output.

Morgan Stanley in September debuted a new gauge of distress that could be used to predict policy swings in China.

While forward earnings per share projections for members of China’s benchmark CSI 300 Index have seen an upward revision of about 1.5% since a September trough, they remain close to a six-year low.

While Lan fell short of putting a price tag on any additional stimulus — potentially disappointing investors — the measures announced were largely in line with economists’ expectations.