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China Seen Adding Fiscal Stimulus After Setting 2022 Targets

  • Key economic meeting retains tough language on property sector
  • Long-term fiscal boost limited by local government debt curbs
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WATCH: China stressed that it will aim to keep the economy growing in a stable manner next year. Stephen Engle reports.Source: Bloomberg
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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 stabilizing 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.