China Announces Economic Stimulus Package to Counter Slow Growth

China’s government unveiled a major economic stimulus plan in response to slowing growth and rising global trade tensions. The plan includes increased spending on technology, infrastructure, and debt relief.

Key Measures Announced

• Tech sector investments to boost innovation and global competitiveness.

• Increased fiscal deficit to support local government debt restructuring.

• Expansion of manufacturing incentives to counteract declining exports.

Global Market Response

While Chinese stocks surged, some economists remain cautious about the long-term impact. The yuan fluctuated, reflecting uncertainty over how these policies will affect trade balances.

China’s focus on internal growth suggests that it may reduce reliance on global markets, reshaping international trade dynamics in the years ahead