$BABA-SW (09988.HK)$ Finance｜Mainland prepares to launch a n...

$BABA-SW(09988.HK)$ Finance｜Mainland prepares to launch a new round of stimulus measures to meet growth targets to meet growth targets

The Mainland is preparing to introduce a new round of stimulus measures to help meet its target of 5% economic growth this year, Bloomberg reported, and is currently considering issuing at least RMB1 trillion in sovereign debt for infrastructure spending such as water projects, which is expected to push the budget deficit far higher than this year's budget deficit The maximum 3% set in March.

The new stimulus measures, led by the Ministry of Finance and the State Reform Committee, will be announced as soon as possible this month, while details are still under consideration and are pending final approval by the State Council and legislative bodies, the sources said.