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Getty Images<\/span><\/div>\n<\/div>\nA stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country’s ailing economy disappointed investors.<\/p>\n Shares had jumped by over 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country’s economic planners.<\/p>\n In a volatile session, the Shanghai Composite Index in mainland China was up by around 3% in early afternoon trade, while the Hang Seng in Hong Kong was more than 7% lower.<\/p>\n Investors had been hoping for more information about how the government plans to support economic growth but the announcement gave little in the way of details.<\/p>\n<\/div>\n The chairman of China’s National Development and Reform Commission Zheng Shanjie said he is “fully confident” the country will achieve its full-year economic and social goals.<\/p>\n But he added: “The downward pressures on China’s economy is also increasing”.<\/p>\n Mr Zheng’s comments came as he announced that China will issue 200 billion yuan ($28bn; \u00a321.5bn) for spending and investment projects by the end of this year.<\/p>\n “The market really expected more. The correction will be even stronger if the data on the Golden Week in terms of consumption is weak,” said Alicia Garcia-Herrero, chief economist for the Asia Pacific region at investment bank Natixis.<\/p>\n “The market is reacting to the lack of a real fiscal stimulus. I would not have organised a press conference not to announce anything new.” <\/p>\n The Chinese government has been trying to boost confidence in the world’s second largest economy as concerns increase that it may miss its own 5% annual growth target.<\/p>\n<\/div>\n