Caixin
Mar 15, 2022 07:27 PM
RESEARCH & ANALYSIS

Analysis: China’s Fiscal Spending Will Reach a Record High in 2022

The Shenzhen-Zhongshan Bridge under construction in Zhongshan, Guangdong province, on June 17, 2021. Photo: VCG
The Shenzhen-Zhongshan Bridge under construction in Zhongshan, Guangdong province, on June 17, 2021. Photo: VCG

With the conclusion of China’s “Two Sessions,” the direction of the government’s expansionary fiscal policy has become clear. Overall, we believe that the intensity of China’s fiscal spending will reach a record high this year. Fiscal policy will play an important role in the country’s counter-cyclical measures, and the three main tools to be used are infrastructure investment, transfer payments, and tax cuts and refunds.

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