Analysis

China’s ‘bazooka’ stimulus will have to wait - again

Beijing says “vigorous” efforts to boost domestic consumption are the country’s top economic priority, but details are once again lacking.

Jessica SierNorth Asia correspondent

Updated Dec 13, 2024 – 3.59pm, first published at 7.54am

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Tokyo | As the Chinese economy limps towards the end of the year, Beijing has signalled more public borrowing and spending in 2025, in a shift in policy focus to boosting consumption.

President Xi Jinping and his top officials vowed late on Thursday to raise the fiscal deficit target next year, at the end of a keenly awaited annual meeting in Beijing.

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.