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China Unveils Fiscal Stimulus Targeting Property Market, Local Government Debt
China’s finance ministry on Saturday announced policies for local governments to buy land and housing from property developers, and promised intensive support to help localities with their hidden debts, as Beijing levels up stimulus for a slowing economy. These highly anticipated fiscal measures are expected to complement a slate of monetary and other initiatives announced by the country’s central bank last month to boost the sluggish economic recovery. “Countercyclical” fiscal measures are “by no means” limited to those announced Saturday, Finance Minister Lan Foan said at a press conference on the same ... (full story)
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- Posted: Oct 12, 2024 6:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,356
