Insight

China to Boost Economy with CNY3tn Fiscal Stimulus

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Algo Research Team

Market | Dec 27, 2024 | Views: 369

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Key Summary:

  • CNY 3 trillion stimulus is welcomed by markets
  • Majority is allocated towards boosting consumption
  • Higher deficit but unchanged economic growth target

The Chinese government has agreed to issue CNY 3 trillion (USD 411 billion) of special treasury bonds in 2025 to boost its slowing economy and prevent a deflationary spiral.


Context: Following the Central Economic Work Conference (CEWC) meeting earlier this month, the Chinese government has finally revealed more concrete targets on how to stimulate its economy.

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