Ministry of Finance TL:DR
If needed #China will expand the fiscal deficit.
Note that there is no commitment of additional fiscal spending.
Additionally, local governments can use “special bond” proceeds to buy unsold property.
That’s about all that was included in terms of a fiscal response.
thanks for the tldr write up, good to hear China related news
That’s all I do here. Provide some on the ground perspective on #China.
Ask me anything and I’ll do my best to provide a non-hyperbolic perspective.
I was in Shanghai about a year and a half ago and I think we corresponded on here a bit during that time
hows things over there generally? is there any particularly good time to go back?
Well, I’d say Shanghai is probably back 85% to pre Covid days. That said, for various reasons there are hardly any foreigners around. I don’t mind that to be honest.
