China plans big stimulus jolt and looser property rules as Beijing reaches for stronger measures to revive economy
China plans to inject stimulus funding into its economy and loosen some property rules as the country's post-COVID recovery continues to disappoint,Beijing is considering issuing the equivalent of about $140 billion in special treasury bonds, which would be used to finance growth initiatives, such as infrastructure projects, and indirectly help local governments pay down debt, the Journal said.
Previously, analysts told Insider that China had so far avoided boosting growth through direct stimulus, given that the approach caused a years-longBut this time around, there may be limited appetite for more infrastructure or for more debt among local governments that are already heavily burdened.
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