China Investors Expect $283 Billion of New Stimulus This Weekend
- Finance Minister Lan to host anticipated briefing on Saturday
- Polled analysts expect local debt relief, consumption boost
Investors and analysts are expecting China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s second-biggest economy and boost confidence.
That’s what they hope the country’s finance minister will announce at a highly anticipated briefing on Saturday, according to a majority of 23 market participants surveyed by Bloomberg. Most of the respondents expect the funding to come in the form of government bonds.