China Weighs Broad Stimulus With Property Support, Rate Cuts
- State Council may discuss the proposal this Friday: people
- Goldman analysts expect a multi-year China property slowdown
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China is considering a broad package of stimulus measures as pressure builds on Xi Jinping’s government to boost the world’s second-largest economy, according to people familiar with the matter.
The stimulus proposals, drafted by multiple government agencies and partially reported by Bloomberg News earlier this month, include at least a dozen measures designed to support areas such as real estate and domestic demand, the people said, asking not to be named because the matter is private.