China signals growth, falls short on stimulus expectations
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, China’s National Development and Reform Commission (NDRC) has expressed confidence in meeting its economic targets for 2024 but held back from announcing large-scale stimulus measures, disappointing investors.
During a recent press briefing, officials indicated plans to accelerate spending and boost support for low-income groups and new graduates. Additionally, they will bring forward a 100-billion-yuan ($14 billion) investment originally scheduled for 2025, signaling a commitment to stimulate growth.
Despite these efforts, analysts remain skeptical, noting that the measures may stabilize growth but fall short of the larger fiscal boost needed for a more robust economic rebound. The news raised demand concerns in the markets, leading to declines in both onshore Chinese stocks and global oil benchmarks.
During a recent press briefing, officials indicated plans to accelerate spending and boost support for low-income groups and new graduates. Additionally, they will bring forward a 100-billion-yuan ($14 billion) investment originally scheduled for 2025, signaling a commitment to stimulate growth.
Despite these efforts, analysts remain skeptical, noting that the measures may stabilize growth but fall short of the larger fiscal boost needed for a more robust economic rebound. The news raised demand concerns in the markets, leading to declines in both onshore Chinese stocks and global oil benchmarks.
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