$BABA-W (09988.HK)$ Finance | It is rumored that the mainlan...

$BABA-W (09988.HK)$ Finance | It is rumored that the mainland plans to issue an additional one trillion RMB in debt, preparing to implement a new round of stimulus measures to achieve growth goals.

Bloomberg cited sources reporting that the Mainland is preparing to introduce a new round of stimulus measures to assist in achieving a 5% economic growth target this year. Currently considering issuing at least 1 trillion RMB of sovereign debt for water conservancy projects and other infrastructure expenditures, which is expected to significantly increase this year's budget deficit far above the 3% upper limit set in March.

Sources said that the new stimulus measures are led by the Ministry of Finance and the National Development and Reform Commission, and may be announced as soon as this month. The details are still under review and awaiting final approval from the State Council and legislative institutions.