China's Economic Stimulus Hinges on U.S. Election Outcome

The scale of China's fiscal stimulus package could expand significantly if Donald Trump wins the U.S. presidency, analysts suggest.

China's National People's Congress Standing Committee is reviewing a bill to raise local government debt ceilings and address hidden debts.
Analysts predict China's fiscal stimulus could be 10-20% larger if Trump wins, due to anticipated economic headwinds like increased tariffs.
The proposed stimulus includes significant debt swaps and special bonds aimed at easing liquidity issues in the property sector.
China's economic challenges include a prolonged property market downturn, sluggish domestic consumption, and soaring local government debt.
The NPC meeting is expected to conclude with a detailed announcement of the stimulus package, coinciding with the U.S. election results.