China plans to increase debt to boost economy without specifying the size of stimulus package

From Investing.com: 2024-10-12 14:25:37

China has pledged to significantly increase debt to boost its economy, but the size of the stimulus package remains uncertain, leaving investors anxious. Finance Minister Lan Foan announced measures to address debt, support low-income individuals, aid the property market, and strengthen state banks’ capital. The lack of a specific dollar amount for the stimulus has kept investors on edge, awaiting further details from the upcoming legislature meeting. Weak economic data raises concerns about meeting growth targets, prompting speculation on the need for fresh fiscal stimulus. The focus is now on how China addresses structural issues beyond mere financial injections.



Read more at Investing.com: China flags more fiscal stimulus for economy, leaves out key details on size By Reuters