The Chinese finance minister will provide a highly anticipated update on the stimulus measures.

• Lan Fo'an, China's Minister of Finance, will hold a press conference on Saturday to discuss measures supporting the economy.
• Despite economists' recommendations for additional fiscal support, Beijing has not yet declared any such measures, even in the wake of recent high-level policy announcements.
• The range of analyst projections for the amount of fiscal stimulus required is between approximately 2 trillion yuan ($283.1 billion) and over 10 trillion yuan.

China's Finance Minister Lan Fo'an will hold a press conference on Saturday to discuss economic support measures.

Despite economists' recommendations for additional fiscal support, Beijing has not yet declared any such measures, even in the wake of recent high-level policy announcements.

In a meeting in late September, led by Chinese President Xi Jinping, authorities discussed the need for stronger monetary and fiscal policy support, but did not provide specifics.

The range of analyst projections for the amount of fiscal stimulus required is between approximately 2 trillion yuan ($283.1 billion) and over 10 trillion yuan.

Ting Lu, Nomura's chief China economist, advised in a note on Thursday that any stimulus measures would require approval from China's parliament, which is scheduled to meet later this month. He emphasized that the way funds are utilized is equally crucial as the amount that is provided, whether it is solely for supporting local government finances or boosting consumption.

Despite a slight increase in retail sales, China's real estate market continues to struggle with no signs of recovery.

The first half of the year saw a 5% increase in GDP, raising worries that China may not achieve its full-year target of approximately 5%. The focus is now on Oct. 18, when the National Bureau of Statistics will release the third-quarter GDP data.

On Tuesday, after markets reopened following a weeklong holiday, mainland Chinese stocks experienced volatility throughout the week, as a stimulus-fueled rally lost momentum. The declines brought major indexes back to levels seen in late September.

Since 2008, the CSI 300 had its best week, with stocks climbing, as major policy announcements indicated that the Chinese government was taking action to boost slowing growth.

The People's Bank of China recently extended its real estate support measures by two years and cut a few of its interest rates, while also launching a $71 billion program for institutional investors to borrow funds for stock investing, just days after the Federal Reserve began its easing cycle.

The NDRC announced in a rare press conference on Tuesday that it would accelerate the use of the 200 billion yuan allocated for next year's investment projects, but did not reveal any additional stimulus.

Saturday is a working day in China, but markets are closed.

This is a breaking news story. Please check back for updates.