Will China’s top legislature give the green light to fiscal stimulus package?
==========
The National People’s Congress (NPC) Standing Committee will convene in Beijing on November 6, 2024, to discuss a potential fiscal stimulus package; estimates for the package range from 2 trillion yuan (US$280.66 billion) to 10 trillion yuan; the NPC typically approves fiscal budgets during its annual session in March; the committee has previously issued additional treasury bonds, including 1 trillion yuan last October; predictions suggest approval of 1.5 to 2.5 trillion yuan in treasury bonds; economists advocate for a stimulus package exceeding 10 trillion yuan; details of any approved stimulus will be published on the NPC website following the meeting.
#China #FiscalStimulus #NationalPeople'sCongress #Economy #TreasuryBonds #Legislation #FinancialPolicy #EconomicRecovery #Investment #Government
https://www.scmp.com/economy/policy/article/3284821/will-chinas-top-legislature-give-green-light-fiscal-stimulus-package
South China Morning Post /
npub1x2…knuvq
2024-11-03 11:57:01
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-11-03 11:57:01Event JSON
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"content": "Will China’s top legislature give the green light to fiscal stimulus package?\n==========\n\nThe National People’s Congress (NPC) Standing Committee will convene in Beijing on November 6, 2024, to discuss a potential fiscal stimulus package; estimates for the package range from 2 trillion yuan (US$280.66 billion) to 10 trillion yuan; the NPC typically approves fiscal budgets during its annual session in March; the committee has previously issued additional treasury bonds, including 1 trillion yuan last October; predictions suggest approval of 1.5 to 2.5 trillion yuan in treasury bonds; economists advocate for a stimulus package exceeding 10 trillion yuan; details of any approved stimulus will be published on the NPC website following the meeting.\n\n#China #FiscalStimulus #NationalPeople'sCongress #Economy #TreasuryBonds #Legislation #FinancialPolicy #EconomicRecovery #Investment #Government\n\nhttps://www.scmp.com/economy/policy/article/3284821/will-chinas-top-legislature-give-green-light-fiscal-stimulus-package",
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