China Fiscal Stimulus 2024. Stimulus seen as vital for meeting around 5% growth target; The faltering growth has prompted global brokerages to scale back their 2024 projections to below government's target of around 5%.

The announcement friday followed a meeting of top communist party officials and came just days after moody’s. China pledged to keep spending this year despite a property market slump weighing on key government revenue sources, raising hopes that fiscal expansion can.