Business

News

Entertainment

Sports

Africa

TV

Country

Webbers

Lifestyle

SIL

Chinese investors expect $283 Billion of new stimulus this weekend

DZQNFAPDEKCDUEJSJ2VIAKTRGM 750x375 Ezgif.png Investors expect China to announce up to 2 trillion yuan ($283 billion) in new fiscal stimulus

Fri, 11 Oct 2024 Source: bloomberg

Investors expect China to announce up to 2 trillion yuan ($283 billion) in new fiscal stimulus, likely through government bonds, to boost its economy.

The stimulus targets consumption, including subsidies and support for families and vulnerable groups, rather than the traditional focus on real estate and infrastructure.

Economists stress the need to address China's property slump and local government debt.

While China has already cut interest rates and supported markets, fiscal measures are essential to lifting confidence rebalancing the economy towards domestic demand, and reducing reliance on exports.

Read full article

Source: bloomberg