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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China's Finance Minister Says Government Has Room to Increase Debt, DeficitChina's Finance Minister Lan Fo'an stated on Saturday that the government has the capacity to increase its debt and deficit to support the economy. While no specific figures were announced, he mentioned four policies nearing a decision stage, focusing on state-owned banks, youth employment, local government debt risks, and real estate stabilization.
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China's finance minister says there is room for more economic stimulus but offers no planChina's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday.
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China's finance minister says there is room for more economic stimulus but offers no planChina's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday.
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China's finance minister says there is room for more economic stimulus but offers no planChina's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday. Stock investors and analysts have been hoping for a plan of up to 2 trillion yuan, or about $280 million.
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China's Former Minister of Finance Calls Crypto a 'Crucial Aspect' of Digital EconomyThe former minister called on Beijing to study the industry in light of Republican candidate Donald Trump's comments on crypto.
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Japan will continue to assess economic impact of stronger yen, finance minister saysJapan will continue to assess economic impact of stronger yen, finance minister says
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