China seen adding fiscal stimulus after setting 2022 targets

“Fiscal policy is expected to play a main role in supporting growth next year,” said Ding Shuang, chief economist for Greater China at Standard Chartered Plc, while housing policies will see “fine tuning” rather than a major shift, he added.

BEIJING: Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilising the economy.

Curbs on the property industry are expected to remain, while there could be fewer regulatory surprises compared with sudden moves in 2021 to rein in sectors from technology to education and entertainment, the economists said.