Over the weekend, the Chinese central government said that there is room to increase debt and the deficit, and that more stimulus is on the way. The comments come against a backdrop of a series of measures unveiled in recent weeks that have included interest rate cuts and liquidity injections for banks, all aimed at kick-starting China's dragging economy.

Gary Ng, Senior Economist at Natixis, shares more about the highly anticipated briefing on fiscal policy that was light on specifics.