The PBoC offers the Chinese economy a helping hand

CommBank Global Economic & Markets Update podcast

In this podcast, Kristina Clifton sits down with Carol Kong to talk through all the stimulus measures announced by the Chinese authorities this week and their implications for the Chinese economy. We continue to expect the government will deliver more fiscal stimulus soon. The risk remains China’s economic growth will undershoot our forecast of 4.9% this year if our expected fiscal stimulus fails to materialise. But economic growth in 2025 may be stronger than we forecast if a big budget package is released.

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