China to flesh out economic stimulus plans after bumper rally [Video]

Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.

Beijing has struggled to kickstart the economy as officials target around five percent growth this year — a goal analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption.

After months of piecemeal tinkering did little to reverse the malaise, officials have unveiled a raft of measures from rate cuts to loosening house buying curbs aimed at getting money flowing again.

Hopes of that long-awaited “bazooka stimulus” have lit up stock markets, sending bourses in mainland China and Hong Kong surging more than 20 percent.

And with all eyes on the reopening of mainland markets following the Golden Week public holiday, officials from the National Development and Reform Commission will hold a news …