As China's Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
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Source: Benzinga
China's Fiscal Stimulus Plans: China is considering issuing 6 trillion yuan (about $850 billion) in ultra-long special treasury bonds over the next three years to stimulate its slowing economy and assist local governments with hidden debts.
Market Reactions: Investor sentiment has been negatively impacted by recent high-level briefings from Chinese authorities that failed to deliver expected substantial economic measures, leading to declines in U.S.-listed Chinese stocks and electric vehicle companies.
Analyst Views on MCHI
Wall Street analysts forecast MCHI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCHI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 62.490
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Current: 62.490
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
