SHANGHAI/HONG KONG — China’s government has mapped out an “action plan” that calls for supporting employment and the stock market to stimulate domestic consumption, with investors awaiting more details expected at a news conference later on Monday.
After the plan was unveiled Sunday, the CSI 300 Index, a gauge of Chinese stocks listed on mainland exchanges, opened 0.35% higher on Monday morning, before fluctuating between negative and positive territory. The index had gained 2.43% on Friday and was trading at its highest level in about three months.
