China Stimulus Package 2024. While the rare moves signalled that policymakers want to prevent a sharp growth slowdown in 2024, the stimulus remained measured and will take time to show effects. Officials gave the headline figure as rmb 4 trillion ($586 billion), to be spent over the next two years — exceeding even the size of china’s robust response to the 1997 asian financial crisis.
China’s 5% economic growth target for 2024 announced this week is ambitious and can be achieved if backed by further stimulus measures in monetary, fiscal and regulatory policy, analysts said. China’s leadership underwhelmed investors with a seemingly restrained 2024 budget plan.