China Stimulus Package 2024 Update Today. 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 will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish banks’ capital.

China’s recent stimulus measures have primarily targeted its monetary policy, which focuses on banks and money supply rather than “spending its way out” of a downturn. To counter these dangers, investors had hoped china would announce a decisive fiscal rescue package after a legislative meeting on november 8th.