China's ability to implement a substantial spending package to support its economy has been highlighted by UBS Investment Bank's chief China economist, Wang Tao. It is predicted that the Chinese government will expand its fiscal deficit by 2 percent of GDP in 2025, which amounts to over 2 trillion yuan ($276 billion).

Wang emphasized that the central government's healthy balance sheet and existing assets provide ample room for more aggressive macroeconomic actions. He also mentioned the possibility of increased income and consumption subsidies for households, as well as initiatives to boost employment. These measures may be announced during the National People's Congress meeting in March 2025.