China Unveils $51 Billion in Early Spending to Support Economy
The Chinese government has been offering subsidies since mid-2024 to stabilize consumption battered by a years-long housing slump and persistent deflation.
Photographer: Qilai Shen/BloombergChina announced initial public spending plans worth a total of $51 billion to boost consumption and investment next year, moving early to shore up demand and cushion the economy against rising external headwinds.
Beijing will front-load 295 billion yuan ($42 billion) in 2026 to support national strategic and security initiatives, as well as investment plans under the central government budget, the National Development and Reform Commission said on Wednesday.