Analysis: How Much Fiscal Stimulus Is Needed to Jumpstart China’s Economy?

Economists have cautioned that monetary policy alone can’t lift China’s economy out of the doldrums and that fiscal stimulus is also needed.

A slew of monetary stimulus measures announced in September bolstered investor sentiment and rallied the stock market.

But the bullish mood was dented Tuesday when the National Development and Reform Commission (NDRC) announced few substantial new policies at a press briefing. The top economic planner mainly emphasized the need to effectively implement existing policies.