- Analytics
- News and Tools
- Market News
- China plans to ramp up spending - Reuters reports, citing policy sources
China plans to ramp up spending - Reuters reports, citing policy sources
Reuters reports, citing four policy sources, that trillions of yuan of fiscal stimulus could be unleashed by China to revive its economy, which is expected to contract for the first time in four decades due to coronavirus pandemic. At the same time, the country's planned 2020 growth target could be lowered.
The aim of the ramp-up is to spur infrastructure investment via 2.8 trillion yuan ($394 billion) of local government special bonds. As a result, the national budget deficit ratio could increase to record levels, the sources said.
China is considering proposals to cut its economic growth target for 2020 to as low as 5% from around 6% agreed in December.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
