China39;s latest stimulus package in line with estimates
Investors had wanted more after Trump39;s election win
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SHANGHAISINGAPORE, Nov 8 Reuters Investors hoping China would announce extra fiscal buffers for an economy girding for another Donald Trump presidency were disappointed on Friday.

China39;s top legislative body, the standing committee of the National People39;s Congress NPC, did as was expected, approving bills to allow local governments to allocate 10 trillion yuan 1.40 trillion towards reducing offbalance sheet, or hidden, debt.

But investors had built their anticipation around the timing of the NPC and Trump39;s win just a couple of days earlier, and hence expectations of something special to preempt another round of fractious SinoU.S. tensions and trade barriers.

I think markets are on the disappointed side as there were rumours that the policy could be larger if Trump won the U.S. election, said Lynn Song, ING39;s chief economist for Greater China.

Reuters had reported last week authorities were considering a more than 10 trillion yuan 1.4 trillion plan to boost growth and help local governments address debt risks.

After confirming that on Friday, Finance Minister Lan Foan signalled that more stimulus would come.

Analysts say China needs to do more to support consumers as the world39;s secondlargest economy tackles a property market downturn and weak confidence, and meet the Communist…