China’s lawmakers will begin a week-long session on Monday that is expected to approve the country’s largest fiscal package since the pandemic to boost confidence in the world’s second-largest economy.
Beijing has yet to indicate the scale of the measures but finance minister Lan Fo’an last month promised it would help resolve some of the trillions of dollars of debt weighing down China’s cash-strapped local governments.
Analysts believe China needs to spend up to Rmb10tn ($1.4tn) over three years to help reflate an economy that has been hit by a prolonged property slump.
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