🚨 China 🇨🇳 announces an economic stimulus package worth 1.4 trillion USD

"The program will take effect this year and will last until the end of 2026," said Chinese Finance Minister Lan Fo'an to reporters. That figure is reduced to about 2 trillion yuan each year.

She also added that starting this year, the central government will issue 800 billion yuan each year through special local government bonds over the next five years, totaling 4 trillion yuan.