China weighs new stimulus to meet growth target – Bloomberg

Market news

10 October 2023

China weighs new stimulus to meet growth target – Bloomberg

Citing people familiar with the matter, Bloomberg News reported on Tuesday, China is weighing new stimulus and higher deficit to meet its annual growth target.

The Chinese authorities are mulling the issuance of at least CNY1 trillion ($137.1 billion) of additional sovereign debt for spending on infrastructure such as water conservancy projects, the sources added.

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