(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…
Beijing is asking officials to take a “bold and steady” approach, a mantra of China’s late paramount leader Deng Xiaoping, to lift national morale and stimulate the economy in the push toward the annual growth target. In an article on Sunday, the state-run Study Times stated President Xi Jinping’s emphasis on the need to combine…