China’s fiscal policy: shifting from local to central

1/ Is the official budget enough to help achieve the implied optimistic GDP growth in 2024?

2/ Does the issuance of special treasury bonds suggest a shift of stimulus focus from local governments to the central government?

3/ What could be the potential sectors receiving fiscal support?

Louise Loo
Louise Loo

Lead Economist

+65 6850 0126

Louise Loo

Louise Loo

Lead Economist

Singapore

Louise Loo joined Oxford Economics in 2022, with a focus on Greater China. Prior to OE, she was a senior economist at Morgan Stanley and Goldman Sachs. At Goldman Sachs, she was also an advisor to China MoF with regards to its sovereign credit rating. Louise is originally from Malaysia and has earned Economics and public policy degrees with Sheffield University and Columbia University.

Betty Wang

Lead Economist

Betty Wang

Lead Economist

Singapore

Betty joined Oxford Economics in January 2024 as Lead Economist covering mainland China, Taiwan and South Korea, based in Singapore.  

Before she moved to Oxford Economics, Betty worked as Senior China Economist at Australia and New Zealand Banking Group Ltd, based in Hong Kong. Her research coverage focuses on tracking China’s economic drivers including the property market, industrial policies, structural reforms and economic policy. In addition to her Greater China coverage, Betty also expanded her research reach to the ESG area, leading the team to win the best ESG research in Australia. Betty started her career at Standard Chartered Bank in 2008 and worked as Northeast Asia Economist until 2016.  

Betty has published thematic research reports and data commentaries regularly and garnered a strong following for her intellectual offering to corporate and financial institution clients in the region. Her comments are frequently quoted by local and international media.  

Betty holds dual-master’ degrees in Economics at Peking University and in Finance at the University of Hong Kong.

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