Provinces do not expect a stimulus packa • Table.Briefings

Tibet has set itself the highest growth target of China’s provinces. They also aim to achieve this with domestic tourism, such as here to Lhasa.

China’s provinces have declared their growth targets for the current year. What is striking is that almost all provinces have lowered their targets. This indicates that they are not expecting any significant growth stimulus from Beijing. However, their own economic strength is also weakened.

The new growth targets of the Chinese provinces do not indicate that Beijing will support the economy with a substantial economic stimulus package. As the business magazine Caixin reports, more than half of the provinces have set a lower growth target than 2023.

Provinces do not expect a stimulus package from Beijing

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