China Stimulus Package 2024. China’s top legislative body on tuesday surprised markets with a new round of fiscal stimulus, announcing an extra cny 1 trillion (usd 137bn) in central government. To enhance fiscal support to the economy, china will accelerate local government special bond issuance and cash support for firms that hire college.
Insights from bloomberg, al jazeera, reuters, carnegie china, and cnbc. In response, on the evening of november 9, china’s government unveiled a massive stimulus package.
