- The Chinese government have expanded its bond issuance and outlined its fiscal stimulus plan, focusing partly on local government debt relief to arrest the slide in property prices.
- China continues to rely on the wealth effect to spearhead efforts to boost household consumption, although the outlook is uncertain given the slow recovery in property prices and declining income effects.
- Indonesia may benefit from rising commodity prices and outward capital flows from China driven by the stimulus, but risks remain as the global economy remains prone to increases in oil prices.
