Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
As China’s political elite gather for the country’s annual legislative sessions in March, we examine the broader forces likely to influence policies for the coming year – and how decision-makers will respond to the unpredictable second term of US President Donald Trump. In the first part of this series, Frank Chen surveys the status of…
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…
NEW DELHI : China’s gross domestic product (GDP) in the quarter ended 30 September 2024 grew at the slowest pace since the quarter ended 31 March 2023. The slowdown in the world’s second-largest economy is having knock-on effects around the globe, from the global oil market to Indian exports of spices. The Chinese government announced…
China’s been an engine of regional growth for the past three decades, but its mounting economic woes have cast a shadow over its neighbors. As China’s top leaders get serious about reviving the economy, Beijing’s next policy steps could determine if it will again be a regional tailwind. For regional economies, it’s not about whether…
China’s Ministry of Finance held a press conference on Saturday morning. Officials spoke about defusing local debt risks and stabilising the property market, adding the central government “has room” for further action and higher deficits. A specific figure for fiscal stimulus was not revealed. The conference followed announcements of broad plans from other state bodies,…
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…