China’s recent flurry of stimulus measures, introduced in rapid succession over the past month, has injected new life into markets and raised widespread expectations for additional economic interventions. After months of relative inaction, Beijing’s policymakers have signaled a shift toward more proactive measures aimed at boosting the world’s second-largest economy.

Experts are interpreting this sudden pivot as a sign that China’s leadership is considering a comprehensive economic relief package, potentially on the scale of the 4 trillion yuan (US$564.7 billion) stimulus deployed in 2008 during the global financial crisis.

While the specifics of the long-term plan remain unclear, analysts are watching closely to see how China’s economic response continues to evolve and what further moves may be forthcoming.

Key Stimulus Actions to Date:

September 24: The People’s Bank of China (PBOC) launched a series of economic interventions, including a 0.2 percentage point cut to the seven-day policy rate, a 0.5 percentage point reduction in the reserve requirement ratio (RRR), and a significant cut to mortgage rates. PBOC Governor Pan Gongsheng also hinted at the possibility of further RRR cuts in the future.