SINGAPORE : China’s leaders promised more government support for their struggling economy next year as they brace for the return of President-elect Donald Trump and another big showdown over trade. An annual gathering of top officials on the economy concluded with pledges to cut interest rates and boost government borrowing to pep up economic growth,…
According to people involved in policy discussions, that is wishful thinking: A bazooka isn’t coming—at least not this year. Hopes rose for bolder stimulus action when a key Chinese legislative session was postponed until this week. Some investors and analysts viewed it as a sign that Chinese leader Xi Jinping was waiting for U.S. election…
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…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…