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Bazooka in May: How Beijing plans to boost the economy with three billion-dollar injections

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Published: May 28th, 2024,
Last updated: May 30th, 2025

Industrial workers in Shandong province: Beijing announced three billion-euro economic stimulus packages in May.
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For the third time in just a few days, Beijing has unveiled a financial bazooka worth hundreds of billions to boost the economy. The latest stimulus injection is 344 billion yuan (around 47.5 billion dollars) for the country’s existing chip investment fund, which was registered in Beijing at the end of last week.

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Technology Finance Economic Situation