Chinese Stimulus Package 2024. China on friday announced a $1.4 trillion stimulus program to help local governments deal with debt, as beijing grapples with a struggling economy and the possibility. China has announced a slew of stimulus measures to boost the economy amid signs that beijing’s growth target for this year is slipping out of reach.
The chinese equity rally has fizzled over the past month, likely because investors believe more direct fiscal stimulus is needed to boost consumption in the country. Local time after falling 0.6% earlier.