China Likely to Step Up Fiscal Measures in Spring 2026, Nomura Says -- Market Talk
Dow Jones
Dec 04
0624 GMT - China will likely step up fiscal measures in the spring of 2026, Nomura analysts write in a note. With a limited conventional monetary policy space, Beijing will likely focus on fiscal expansion to arrest the ongoing slowdown, they say. Nomura expects augmented fiscal spending growth to quicken to 6.7% in 2026 from 6.0% this year. The official fiscal deficit ratio will remain at 4.0% and the implied official budgeted fiscal deficit to increase marginally to CNY5.8 trillion next year from CNY5.7 trillion this year, they say. Childbirth subsidy programs and pre-school tuition fee exemptions are set to continue into next year, they say. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
December 04, 2025 01:24 ET (06:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.