In China, which has failed to meet expectations and disappointed the financial world with two press conferences held in the last two months, the details of the monetary expansion expected to reach a trillion dollars are expected to be revealed this week.

It was announced last week that the Standing Committee affiliated with China’s National People’s Congress will meet this week. The Standing Congress will also determine the details of the monetary expansion in the meetings that will last for 5 days this week.

It is stated that the Beijing administration will also determine the details of the financial support package according to the results of the US elections.

“It will increase by 10-20% with Trump”

Ting Lu, the analyst responsible for China at Nomura, a financial services company based in Japan, stated that China’s financial incentive package will also change depending on the new owner of the White House:

The size of China’s financial support package will increase by 10% to 20% in the event of a Trump victory compared to the victory of Kamala Harris. Many of the difficulties China is currently experiencing are related to the domestic market, but the outcome of the US elections will also have an impact.”

Donald Trump’s desire to impose high customs duties on products manufactured in China is known. It is stated that this rate could increase from 60% to 200% in a crisis scenario.

Kamala Harris has not made any significant promises on this issue. The Biden administration has so far imposed some embargoes and bans on Chinese technology companies. Huawei is at the forefront of these companies.

A customs duty to be imposed against China could also seriously affect China’s exports. This situation could naturally increase the size of the financial support package.

All these details are expected to be announced on Friday.