BEIJING (Reuters) – China will ramp up fiscal support for consumption next year by raising pensions and medical insurance subsidies for residents as well as expanding consumer goods trade-ins, its finance ministry said on Tuesday. The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards…
SEOUL (Reuters) -South Korea’s finance ministry vowed on Sunday to continue to swiftly deploy market stabilising measures as needed to support the economy after President Yoon Suk Yeol was impeached over his brief imposition of martial law. The ministry said it will actively communicate with the parliament to keep the economy stable, adding that it…
(Bloomberg) — Chinese shares erased a drop to advance in volatile trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most Read from Bloomberg The onshore equities benchmark rallied as much as 1.7%. The yuan declined along with oil, reflecting skepticism among some traders that Beijing’s latest efforts…
(Bloomberg) — Chinese stocks fluctuated in early Monday trading as investors assessed the potential impact of the support measures announced by the finance ministry over the weekend. Most Read from Bloomberg The CSI 300 Index swung between a gain of 1.7% and a loss of 0.5%. It capped its worst week since late July on…
(Bloomberg) — China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend. Most Read from Bloomberg While Finance Minister Lan Fo’an promised more support for the struggling property sector and hinted at greater…
(Bloomberg) — China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy, as authorities seek to put a floor under the country’s growth slowdown. Most Read from Bloomberg Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an…