China stimulus

2024 - 11 - 8

China's Fiscal Stimulus: What to Expect and Why It Matters (Brace Yourselves!)

Alibaba - China stimulus - Donald Trump - economic strategy - JD.com - National People's Congress - stock market - Tencent - trade war

China's big fiscal stimulus announcement is on the horizon, and it's got economists buzzing! Get the inside scoop on the plans to revive the economy and what this means for global markets.

The world is closely watching as China gears up to announce its highly anticipated fiscal stimulus package this Friday. Following a series of announcements from Beijing aimed at revitalizing its faltering economy, everyone is eager to see exactly what measures will be implemented. The National People's Congress Standing Committee, set to conclude this week, is at the heart of these discussions, showcasing how close China is to unveiling concrete economic strategies.

The timing couldn't be more crucial. With the recent election of Donald Trump stirring the pot concerning potential trade tensions, the urgency for a robust fiscal stimulus plan in China has intensified. If Trump's administration pursues its proposed tariffs against Chinese goods, the ripple effects could be significant, reigniting trade wars that may impact the global economy. Thus, the upcoming stimulus plan serves not just as a local economic boost, but also as a strategic response to international relations.

Meanwhile, behemoths like Alibaba, Tencent, and JD.com are also anticipating what's coming down the pipeline. With their earnings releases coinciding with the stimulus announcement, investors are on the edge of their seats. How will these major players react to the anticipated fiscal maneuvers? Will this catalyze a fresh surge in their performance or perhaps rattle their prospects? The stakes are undeniably high.

A surprising twist is that China's ambitious stimulus measures have led to challenges within its own banking industry. The profit margins of major banks are being squeezed due to lower mortgage rates and reduced credit demand. This stress test on the financial sector highlights the interconnectedness of stimulating an economy while maintaining healthy banking operations.

As we eagerly await further news on these developments, remember that these discussions echo far beyond China's borders. The ripple effects from such stimulus initiatives could influence economies worldwide, potentially steering global markets in surprising directions. For example, did you know that according to recent data, a 1% change in China's GDP growth can result in a 0.3% shift in global growth?

Also, it’s fascinating to note that China last implemented a large-scale fiscal stimulus in response to the COVID-19 pandemic, aiming to boost economic recovery. As we inch closer to Friday, one can only imagine how this latest package will shape the conversation not just in China, but around the world! Get ready—it’s going to be an interesting ride!

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Image courtesy of "CNBC"

China expected to announce highly anticipated fiscal stimulus ... (CNBC)

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

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Image courtesy of "South China Morning Post"

China to unveil fiscal stimulus plans on Friday, may hold fire until ... (South China Morning Post)

A week-long session of China's top legislative body, the National People's Congress (NPC) Standing Committee, concludes on Friday.

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Image courtesy of "Barron's"

China to Unveil Fiscal Stimulus. Trump's Win Could Affect the Plan. (Barron's)

The task is more urgent given how the trade war could escalate if President-elect Donald Trump follows through on his proposals to hit China with higher tariffs ...

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Image courtesy of "ABC News"

China to unveil much-anticipated economic stimulus package (ABC News)

China is expected to announce much-anticipated steps to boost its flagging economy at the end of this week's meeting of its legislature on Friday.

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Image courtesy of "Bloomberg"

Alibaba, Tencent, JD.com Report as China Seen Unveiling Stimulus ... (Bloomberg)

Alibaba Group Holding Ltd., Tencent Holdings Ltd. and JD.com Inc. will post earnings soon after China is expected to sign off on what could be its biggest ...

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Image courtesy of "Yahoo Finance Australia"

Trump Comeback Means Reckoning for China as It Draws Up ... (Yahoo Finance Australia)

(Bloomberg) -- Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic.

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Image courtesy of "FXStreet"

China to unveil fiscal stimulus package (FXStreet)

Today, we should finally get actual numbers on China's fiscal stimulus as the meeting in the Standing Committee of the National People's Congress ends.

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Image courtesy of "CNBC"

China's stimulus plans are choking the profitability of its megabanks ... (CNBC)

The country's banking industry has grappled with weakening profitability under the weight of lower mortgage rates and ailing credit demand.

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Image courtesy of "South China Morning Post"

China adds 6 trillion yuan in hidden debt relief, pledges more ... (South China Morning Post)

Before the session, expectations for a large fiscal stimulus plan were high, as changes to the national budget or the fiscal deficit ratio require approval from ...

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Image courtesy of "MarketWatch"

Chinese stock futures slump after stimulus announcement (MarketWatch)

Futures on Hong Kong-listed stocks slumped on Friday after the country unveiled its stimulus program.

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Image courtesy of "CNBCTV18"

China stimulus live updates: NPC briefs on debt refinance ... (CNBCTV18)

China stimulus live updates: Key details expected on debt refinance and economic support as the National People's Congress (NPC) briefing unfolds.

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Image courtesy of "Reuters"

China unveils $1.4 trillion local debt package but no direct stimulus (Reuters)

China unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, ...

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Image courtesy of "Barron's"

Stock Market Today: Dow Futures Rising as Trump Rally Rolls On ... (Barron's)

Hong Kong shares ended lower, with the Hang Seng Index dropping 1.1% to 20728.19. Investors were eyeing expected announcements from Chinese officials that ...

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Image courtesy of "FXStreet"

China stimulus disappoints, as 6000 on the cards for S&P 500 (FXStreet)

As if this week was not busy enough, China announced a $1.4 trillion stimulus package to support a slowing economy and the potential negative impact from ...

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Image courtesy of "Moneycontrol.com"

China approves $839 billion refinancing of local government debt in ... (Moneycontrol.com)

Beijing is attempting to shore up support for a slowing Chinese economy that is facing new threats of tariff curbs after the re-election of Donald Trump as ...

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Image courtesy of "The Australian Financial Review"

China stimulus: Beijing pledges $1.2trn package to shore up economy (The Australian Financial Review)

China announced trillions of yuan to support its heavily indebted local governments, as the world's second-largest economy faces new risks from Donald ...

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Image courtesy of "Reuters"

China's latest stimulus falls short of expectations (Reuters)

Investors hoping China would announce extra fiscal buffers for an economy girding for another Donald Trump presidency were disappointed on Friday.

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Image courtesy of "The Washington Post"

China unveils $1.4 trillion stimulus in effort to boost flailing economy (The Washington Post)

The outlook is grim for the world's second largest economy, with growth slowing and the prospect of a new trade war following Donald Trump's electoral ...

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Image courtesy of "ING Think"

China announces huge debt package ahead of 'forceful' stimulus (ING Think)

China's National People's Congress concluded its week-long meeting on Friday with a press conference with the Ministry of Finance announcing RMB10tn of new ...

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Image courtesy of "The Economist"

China's stimulus falls short, as a showdown with Trump looms (The Economist)

The country's rulers may be saving their fiscal ammunition in case of a trade war | China.

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Image courtesy of "South China Morning Post"

China's stimulus strategy, while not 'whatever it takes', is seen as ... (South China Morning Post)

Beijing's reluctance to embrace strong measures to rapidly turn the tide of its sluggish economy keeps markets, consumers and analysts waiting in wonder.

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Image courtesy of "Barron's"

Alibaba, JD.com, NIO Stocks Are Falling. Why China's Stimulus ... (Barron's)

China stocks including Alibaba, JD.com, NIO, and XPeng fell Friday. Futures tracking the Hang Seng index were also down sharply, after Chinese authorities ...

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Image courtesy of "The Indian Express"

China $1.4 trillion stimulus falls short amid mounting economic ... (The Indian Express)

The move announced Friday tops a number of steps China's leaders started rolling out since September to stimulate growth, but these steps took on greater ...

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Image courtesy of "The Indian Express"

China's stimulus bazooka likely to weigh in on battered Indian markets (The Indian Express)

If the third quarter numbers and leading indicators reflect recovery in earnings, the scenario can change with FPIs reducing selling and even turning ...

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