The Standing Committee of the National People's University will hold a meeting next month before deciding on the 'Chinese version of the supplementary

The National People's Congress, which will decide the fiscal deficit rate and whether to issue additional government bonds, which can be called the "Chinese version of the supplementary budget," will hold a standing committee early next month.

China's National People's Congress, the National People's Congress, said it held its 32nd meeting of chairmen at the Great Hall of the People in Beijing this morning (25th) and decided to hold its 12th meeting of the Standing Committee from November 4-8.

Chairman of the Standing Committee Zhao Luge put the "Report on the State Council's Financial Business Status" and the "2023 Comprehensive Report on State-owned Asset Management" on the agenda at the meeting.

With China's economic growth of only 4.6% in the third quarter, a red flag has been given to achieving its growth target of around 5% this year, attention is focusing on whether it will issue special government bonds and the size of its fiscal deficit announced to stimulate the economy.

China's National People's University Standing Committee is usually held every even number of months and has played a role in major legal deliberations and central government policy approval, which is held in early November in violation of convention.

Some analysts say that the Chinese authorities may have set the timing of announcing specific stimulus policy approval in consideration of the U.S. presidential election schedule on November 5.