China's economic agency plans tax cuts and infrastructure investments for economic support, with targeted measures rather than significant spending.
China's economic planning agency has revealed plans to support the economy through tax cuts and increased infrastructure investments, but has not introduced a significant spending initiative, disappointing investors. Instead, the measures consist of smaller, targeted actions, including special purpose bonds for local governments aimed at stimulating spending and economic growth, signaling a cautious approach rather than a large-scale stimulus.
October 08, 2024
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