China’s MoF conference, fiscal stimulus talk- analysts weigh in
Investing.com-- China’s Ministry of Finance over the weekend outlined hotly awaited fiscal stimulus policies intended to help support the economy, with analysts noting that while the signaling was positive, the government had still left out several key details.
“Although the specific new funding of this year seems to be only RMB 400bn, if the RMB 2.3 trn available resources can be fully used by end of 2024, this would be more and faster than we had assumed in our baseline,” UBS analysts said. But the MoF, contrary to expectations, did not outline any plans to boost private consumption in the country, which has been viewed as crucial for an economic recovery.
While Beijing has doled out a string of monetary stimulus measures to help support growth, investors have called for more targeted, fiscal measures, as seen in the MoF briefing.
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