07 Mar 2022

Beijing to tap SOEs for economic support

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

To achieve its (overly) ambitious GDP growth target, Beijing will lean on fiscal policy.

But this isn’t your grandmama’s fiscal stimulus.

In fact, the government is planning on spending less than last year through traditional spending channels:

The fiscal deficit target for 2022 is 2.8% of...