China's Minister of Finance Lan Fo'an told reporters during a briefing that the central government has room for a deficit increase, but noted such policies are still under discussion.Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan to more than 10 trillion yuan.
Lan signaled that the weekend briefing was not the end, that more stimulus is on the way and that the debt or deficit changes markets have been waiting for could come in the near future. It remains unclear whether the size of any such stimulus would meet market expectations, or how much would go directly towards consumption or real estate.
He added that authorities were considering plans to reduce real estate-related taxes. He did not name specific figures and noted supporting real estate required multiple policies.for how much fiscal stimulus is needed range from around 2 trillion yuan to more than 10 trillion yuan.
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