Reported about 1 month ago
The International Monetary Fund has stated that China's recent fiscal measures are insufficient to combat deflation risks in its economy. Despite potential boosts to growth forecasts, IMF officials highlight the need for the Chinese government to increase spending to stabilize the housing market and improve domestic demand. They estimate that approximately 5% of China's GDP, around 6.3 trillion yuan, is required to address the ongoing economic challenges.
Source: YAHOO