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1 month ago | 
caixinglobal.com | Yu Hairong |Qing Na
Explore the story in 3 minutes[para. 1] China has announced a GDP growth target of "around 5%" for 2025, similar to last year, while also projecting a record-high budget deficit to indicate forthcoming fiscal stimulus. This approach signals Beijing's intent to combat economic challenges such as the unstable real estate market and weak consumer confidence. [para.
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1 month ago | 
caixinglobal.com | Yu Hairong |Qing Na
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China surprised few by announcing a GDP growth target of “around 5%” for 2025, the same as last year, but it also revealed a record-high budget deficit projection, indicating fresh fiscal stimulus in the pipeline.
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2 months ago | 
caixinglobal.com | Yu Hairong |Qing Na
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2 months ago | 
caixinglobal.com | Yu Hairong |Qing Na
Fiscal subsidies will give Chinese consumer confidence a much-needed shot in the arm, but long-term spending growth hinges on improvements in household income and the stock and property markets. The consensus among analysts is that China needs to boost domestic consumption as mounting uncertainties surrounding the global trade environment weigh on the country’s exports — a key economic driver for the world’s second-largest economy.
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2 months ago | 
caixinglobal.com | Yu Hairong |Qing Na
Fiscal subsidies will give Chinese consumer confidence a much-needed shot in the arm, but long-term spending growth hinges on improvements in household income and the stock and property markets.
The consensus among analysts is that China needs to boost domestic consumption as mounting uncertainties surrounding the global trade environment weigh on the country’s exports — a key economic driver for the world’s second-largest economy.
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Jan 20, 2025 | 
caixinglobal.com | Yu Hairong |Denise Jia
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After two years of near-zero inflation, most Chinese provinces have set their 2025 Consumer Price Index (CPI) growth target at around 2%, signaling a shift toward more realistic economic goals amid weak consumer demand and persistent deflation risks.
As of January 20, 2025, some 30 provincial governments had announced CPI targets in their annual work reports. Yunnan was the only exception.
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Jan 14, 2025 | 
caixinglobal.com | Yu Hairong
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China, the world’s second-largest economy, has been characterized by strong supply and weak demand since the Covid pandemic. Policymakers warned of “overcapacity in certain industries” at the Central Economic Work Conference at the end of 2023 and in the central government work report presented to the National People’s Congress in March 2024, and the issue has gained widespread attention.
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Nov 26, 2024 | 
caixinglobal.com | Yu Hairong |Ding Feng |Cheng Siwei |Zhang Yukun
Explore the story in 3 minutesThe November 8 announcement by China’s Ministry of Finance reveals a significant 10 trillion yuan ($1.4 trillion) package devised to aid local governments in managing their hidden debt.
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Nov 26, 2024 | 
caixinglobal.com | Yu Hairong |Ding Feng |Cheng Siwei |Zhang Yukun
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At a press conference on Nov. 8, China unveiled a 10 trillion yuan ($1.4 trillion) package for its local governments to deal with their hidden debt, fulfilling Finance Minister Lan Foan’s promise of “the most significant measure introduced in recent years” to tackle the issue.
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Oct 24, 2024 | 
thinkchina.sg | Yu Hairong |Wu Xiaomeng
In an attempt to overcome the nation’s economic headwinds, China has unveiled a wave of fiscal stimulus policies designed to boost domestic demand, stabilise stock markets and sustain growth. (By Caixin journalists Cheng Siwei, Yu Hairong, Wu Xiaomeng, Liu Ran and Denise Jia)China has unveiled a wave of fiscal stimulus policies, signalling a shift in its approach to overcoming the nation’s economic headwinds.
