China Fiscal Stimulus 2024. China’s broad budget expenditure contracted and income from land sales for local governments fell at a record pace, a sign of fiscal weakness that may further increase calls on beijing to add stimulus to support the us$17 trillion economy. Beijing’s budget math complicated by bond and lending.

The rise of shadow banking and attendant financial fragility in china can be traced to intensified deposit competition following the global financial crisis (gfc). Government spending was weak in 2023 amid property crisis