Reaction to Reuters report on China's stimulus plans
- China is considering approving next week the issuance of over 10 trillion yuan in extra debt in the next few years to revive its fragile economy, two sources with knowledge of the matter said.
"If we do get a big 10 trillion yuan package as the headline, this will likely be sufficient to satisfy most investors. "If the 6 trillion yuan for local government bonds and 4 trillion yuan for property purchases and reclaiming idle land is indeed the ultimate divide, we feel it is quite a notable sum committed to propping up the property market, especially if the deployment is more front-loaded.
"The multiplier effect of this round of fiscal stimulus will naturally be lower compared to previous packages more focused on infrastructure investment, but tackle two of the biggest pain points for the Chinese economy, and should be a welcome move for markets if it is approved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSMC suspended shipments to China firm after chip found on Huawei processor, Reuters reportsTSMC halted shipments to China's Sophgo after a chip it made was found in a Huawei AI processor, say sources tp Reuters.
Read more »
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Postdoctoral Fellowships at West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalAbout West China Hospital/West China School of Medicine of Sichuan University West China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in...
Read more »
China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurkChinese Premier Li Qiang has called for deeper market integration with Southeast Asia during annual summit talks where territorial disputes in the South China Sea are likely to be high on the agenda.
Read more »
China defiant over South China Sea skirmishes in ASEAN talks, blames meddling by foreign forcesSoutheast Asian leaders have stepped up pressure on China to respect international law following clashes in the disputed South China Sea.
Read more »
China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurkChinese Premier Li Qiang has called for deeper market integration with Southeast Asia during annual summit talks where territorial disputes in the South China Sea are likely to be high on the agenda.
Read more »