SINGAPORE (Reuters) – China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth.
Finance Minister Lan Foan told a news conference there will be more “counter-cyclical measures” this year, but officials did not spell out the size of the fiscal stimulus, the key detail global financial markets are anxious to see.
Some investors fear China’s 2024 economic growth target and longer-term growth trajectory may be at risk if more aggressive support is not announced soon. Chinese shares have rallied strongly on hopes of bolder measures.
Here are some comments from investors and analysts on the press briefing from China’s finance ministry:
HUANG YAN, INVESTMENT MANAGER, PRIVATE FUND COMPANY SHANGHAI QIUYANG CAPITAL CO, SHANGHAI
“The strength of the announced fiscal…
