Key Points
- China’s slowing economy is still waiting for the promised government support to kick in.
- Senior economic and finance officials have told reporters in the last two weeks that fiscal support is in the works, and the issuance of ultra-long bonds to spur consumption would exceed last year’s.
- Stimulus will begin to take effect this year, but it will likely take time to see a significant impact, Mi Yang, head of research for north China at property consultancy JLL, told reporters in Beijing last week.
