🇨🇳 Details on China's fiscal stimulus are expected to be released in early November, from the 4th to the 8th. This will happen during the country's parliamentary session.

⚠️ However, according to Bloomberg, the debt situation with $SOL LGFVs (Local Government Financing Vehicles, affiliated companies and local governments of Chinese provinces) is raising serious concerns. LGFVs' total debt reaches about $800 billion, with a risk of default.

🛫 Despite government support, retail investors are having a hard time receiving debt payments. Last year, local authorities were allowed to issue $309 billion in bonds to pay off debts to creditors.