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Coronavirus: China unveils US$500 billion fiscal stimulus, but refrains from going all-in

Summary:
[unable to retrieve full-text content]The Chinese government has unveiled a fiscal stimulus package of nearly 3.6 trillion yuan (US6 billion), as Beijing tries to offset the economic shock caused by the coronavirus pandemic and prepare for an “unpredictable” path ahead.Premier Li Keqiang announced details of the plan in his work report at the National People’s Congress on Friday, including an increase of the budget fiscal deficit to a record high of 3.6 per cent of gross domestic product (GDP), up from 2.8 per cent last year.It…

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[unable to retrieve full-text content]
The Chinese government has unveiled a fiscal stimulus package of nearly 3.6 trillion yuan (US$506 billion), as Beijing tries to offset the economic shock caused by the coronavirus pandemic and prepare for an “unpredictable” path ahead.Premier Li Keqiang announced details of the plan in his work report at the National People’s Congress on Friday, including an increase of the budget fiscal deficit to a record high of 3.6 per cent of gross domestic product (GDP), up from 2.8 per cent last year.It…

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