ECONOMIST SOMETIMES say that China suffers from the three Ds: debt, deflation and poor demographics. America’s presidential election added a fourth: Donald Trump, who has threatened to slap high tariffs on Chinese exports when he returns to the White House. To counter these dangers, investors had hoped China would announce a decisive fiscal rescue package…
China’s top legislative body reviewed a bill on local debt swaps on Monday, the first of several actions expected to be taken this week to reduce fiscal risks and shore up the national economy. Finance minister Lan Foan delivered the proposal to the National People’s Congress Standing Committee, the official Xinhua News Agency reported. The…
The Standing Committee of the National People’s Congress meets Monday and state media will likely report its decisions Friday. Here’s what to watch: SIZING UP: China-watchers have for months wondered how big the fiscal package will be. Expectations vary but many see stimulus equivalent to roughly $1.4 trillion. Government spending has been much slower than…
China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, said two sources with knowledge of the matter. China’s top…
The window for a fiscal expansion to aid in China’s economic recovery might be narrower than previously thought, analysts said, as any new round of stimulus would need to be approved by the nation’s top legislature – a body whose governing committee has a meeting scheduled for later this month. Officials of the National Development…