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Today's Paper | November 27, 2024

Published 04 Nov, 2024 01:22pm

China to hash out stimulus plan with US elections in its sights

China’s top lawmakers gathered to hash out a major stimulus package that analysts say could grow even bigger if former US president Donald Trump wins the White House this week, AFP reports.

Nomura economists expect lawmakers this week to approve around one trillion yuan ($140 billion) in extra funds.

The measures are expected to be announced when the meeting wraps up on Friday — in time for Beijing to take stock of results of presidential elections in the United States.

And Nomura economists expect Beijing to adjust the size of its stimulus depending on the outcome.

“We believe the US election results will have some impact on the size of Beijing’s stimulus package,” said Ting Lu, Nomura’s chief China economist, in a research note.

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