China’s Economic Stimulus Packages

China’s economic stimulus packages are government initiatives designed to boost economic growth, especially during downturns. These packages typically involve increased public spending on infrastructure, tax cuts, and financial support for businesses. The aim is to create jobs, stimulate consumer spending, and enhance overall economic activity. In recent years, these measures have also focused on technological innovation and sustainability. The government seeks to maintain steady growth and support its transition towards a consumption-driven economy, especially in response to challenges like trade tensions and the impacts of the COVID-19 pandemic.