Tag #Consumer Stimulus

What is the immediate impact of China's expanded consumer stimulus program on specific companies and the stock market?

China's expanded consumer stimulus program, adding microwaves, water purifiers, dishwashers, and rice cookers to subsidized appliances, is expected to boost leading home appliance manufacturers like Midea, Gree, and Haier. Analysts at Morningstar and Citigroup have raised their price targets for these stocks, projecting significant gains. This follows a successful 2024 program and an allocation of 81 billion yuan ($11.05 billion) for 2025 subsidies.