How the US Election Could Impact China's Next Stimulus Boost
November 2, 2024
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0:54Now PlayingHow the US Election Could Impact China's Next Stimulus Boost
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as posted by the channelThere’s a growing sense of urgency in #China to hit its growth targets after an earlier stimulus blitz failed to convince world leaders. But how exactly that looks could partly depend on the outcome of the #US election. #politics #trump #harris
#Chinese President #Xi Jinping reiterated a call to achieve the country’s annual economic target, signaling a growing sense of urgency ahead of a key legislative meeting expected to approve new fiscal support for the world’s No. 2 economy.
The Chinese leader told senior party officials on Tuesday to fully implement a package of existing and new policies in the next two months, the People’s Daily reported. It was at least the fourth time in two months Xi openly emphasized a need to reach the goal of expanding the economy around 5% this year.
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