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China Investors Anticipate $283 Billion in New Stimulus This Weekend

Oct 10, 2024, 11:34 p.m. ET

Asianfin--Investors and analysts are forecasting that China will unveil up to 2 trillion yuan ($283 billion) in new fiscal stimulus as Beijing aims to bolster its economy and restore confidence.

This expectation comes ahead of a highly anticipated briefing by the country’s finance minister scheduled for Saturday, as indicated by a majority of the 23 market participants surveyed by Bloomberg. Most respondents believe that the funding will primarily take the form of government bonds.

In addition to the size of the potential fiscal package, the areas targeted for support will provide insights into the government's strategic direction for the economy, especially following years of debt-driven growth through investment in sectors like real estate and infrastructure.

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