Ann: Annual Report to shareholders, page-89

Joshua Peach ,Traders are anticipating a strong show of stimulus from China’s National People’s Congress Standing Committee later today, as the advent of potential tariffs under a second Donald Trump presidency looms over the regional giant’s faltering economy.Alice Shen, Portfolio Manager at VanEck said Trump’s re-election has fuelled the market’s anticipation of a more “forceful” fiscal policy package in China. The country’s equity benchmark CSI 300 shot up 3.02 per cent yesterday.“Should Trump’s proposed 60 per cent tariff on Chinese imports materialise, fiscal stimulus would have to step up significantly and focus more on end-demand like consumption and property,” she said.“The size of the package has been reported unofficially in local and Western media. Obviously, the bigger, the better, but the follow