China Signals New Stimulus Package as August Consumer Spending Rose 0.4%
Updated
Updated · Bloomberg · Sep 29
China Signals New Stimulus Package as August Consumer Spending Rose 0.4%
2 articles · Updated · Bloomberg · Sep 29
Summary
China’s State Council said it will roll out a package of “practical and effective” additional policies, its clearest signal yet of broader stimulus to shore up growth.
Premier Li Qiang’s cabinet said the measures are meant to strengthen counter-cyclical adjustment and help meet 2026 economic and social development goals as the slowdown deepens.
The statement also said officials will study policies to stabilize the reeling property market, extending support beyond demand-side measures.
That pledge follows a separate directive for local governments to pilot consumption-boosting policies after August consumer spending growth slowed to 0.4%.