China Stimulus Package 2024

China Stimulus Package 2024. The imf expects china’s gross domestic product to expand 5.4% in 2023 and 4.6% in 2024, according to its article iv mission statement published tuesday. Ubs group ag called the plan china’s largest fiscal stimulus since 2020.

China’s economy has relied on booming exports — with the country shipping more than $900bn of goods to international markets in the second quarter, up from $800bn in the. In response, on the evening of november 9, china’s government unveiled a massive stimulus package.