Posture
expanding
Fiscal stimulus against a property-sector slowdown: ~$1.36T deficit (7.4% of GDP, 2024), state-directed industrial policy (chips/AI self-sufficiency); backed by the world's largest FX + SWF war-chest.
Sourced figures 2
- Wikipedia — List of countries by government budget (IMF 2024) 2024 deficit -$1,357.71B (-7.43% of GDP); expenditure 33.86% of GDP
- Wikipedia — List of countries by government debt (IMF 2025) gross govt debt 99.2% of GDP (2025) — rising, incl. local-govt vehicle blur
the working
Basis
Fiscal stimulus against a property-sector slowdown: ~$1.36T deficit (7.4% of GDP, 2024), state-directed industrial policy (chips/AI self-sufficiency); backed by the world's largest FX + SWF war-chest.
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