China to Announce $283 Billion Stimulus Package, Following $70 Billion Funding Program and 2 Trillion Yuan Plans

Oct 11, 2024, 01:47 AM

China is poised to announce a significant economic stimulus package, with expectations of up to $283 billion aimed at bolstering the world's second-largest economy. Analysts and investors anticipate that the stimulus will be unveiled during a briefing scheduled for this weekend. The proposed package may involve deploying as much as 2 trillion yuan in fresh fiscal measures. This move comes as China's Central Bank has already launched a $70 billion funding program to stimulate both the economy and the capital market. The upcoming announcements are seen as crucial for restoring investor confidence amid ongoing economic challenges.