China’s top lawmakers gather Monday to hash out a major stimulus package that analysts say could grow even bigger if former US president Donald Trump wins the White House this week. Beijing has in recent months heeded calls to step up support for the economy after years of inaction, announcing a raft of measures including…
Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for…
A customer points to rising figures at a stock exchange in Hangzhou on September 27 after the central bank announced stimulus measures for the economy. Costfoto/NurPhoto via Getty Images) Chinese stocks may continue to be volatile—with some analysts predicting a shuddering fall when markets open next week—after a highly anticipated briefing by the Ministry of…
(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…
China unveiled stimulus measures to boost an economy blighted by a years-long property sector crisis and chronically low consumption (ADEK BERRY) China said Saturday it would issue special bonds to help its sputtering economy, signalling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one…
By Kevin Yao and Joe Cash BEIJING (Reuters) -China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Without providing the size of the fiscal stimulus being prepared, the…
SINGAPORE (Reuters) -China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Finance Minister Lan Foan told a news conference there will be more “counter-cyclical measures” this year, but…
(Bloomberg) — China will allow local governments to issue bonds to buy unsold homes to support the ailing property sector, as it pushes to put a floor under an economic slowdown. Most Read from Bloomberg The authorities plan to use special local government bonds and tools to aid the real estate sector, Finance Minister Lan…
President Xi Jinping has subtly toned down China’s focus on achieving its annual economic growth goals this year, seemingly indicating the difficulties faced by the world’s second-largest economy in achieving its “around 5 per cent” gross domestic product target. “We should strive to fulfil the economic and social development goals and tasks for the whole…