China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy.
The country has signaled in recent weeks that it still wants to meet its growth target of 5.5% this year.
Chinese state media on Friday reported details of that Politburo meeting, in which officials promised more support for the economy to meet the country's economic growth target for the year. That support would include infrastructure investment, tax cuts and rebates, measures to boost consumption, and other relief measures for companies.That means China is likely to rack up more debt as it tries to meet its growth targets, according to market watchers.
Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, told CNBC last week that China is set to ramp up infrastructure spending.
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