While not explicitly stated, China’s move resonates with a “whatever it takes” commitment to economic recovery. — Xinhua
THE recent news conference of the National Development and Reform Commission affirmed that the Chinese government remains committed to achieving 5% growth this year, provide more financial support for low-income and vulnerable groups, and ensure policy continuity between 2024 and 2025.
Expecting the likely timing of a fiscal stimulus announcement to be in mid-to-late October, I took a closer look at China’s current stimulus packages, comparing the one announced last week with those implemented in the past and analysed why China’s stimulus this time could be different.
