In the report, it is cited that the world’s second-biggest economy will face a slowdown in the coming year due to weak domestic demand and problems in the property sector. Moreover, the country’s …
FINANCE
China’s Local-Finance Cleanup Opens New Chapter With State Firms
China’s latest measures to deal with the financial risks of local officials have centered on a massive debt-swap plan, but a companion step is now drawing attention as a possible new tool.
China Leans On Banks To Revive Property Market
Banks are paying a pretty price for their efforts. Policymakers are leaning on banks of all stripes—from city commercial banks to state-owned giants such as ICBC and China Everbright Bank—to stimulate …
World Bank Raises China’s GDP Growth Forecasts
The World Bank raised its forecast for China’s economic growth for 2024 and 2025, saying a raft of policy easing and strong exports had helped mitigate some of the effects of a property downturn …
World Bank sees better growth for China in 2024, 2025
The World Bank has recently updated its economic forecasts for China, raising the projected GDP growth for 2024 and 2025. The World Bank now expects China’s GDP to grow by 4.9% in 2024, up from its …
China’s Finance, Property Firm Workforces Shrink for First Time
China’s finance and property companies saw their workforces shrink in recent years years for the first time, reflecting the damage caused by a housing market collapse and regulatory probes.
China revises up 2023 GDP to $17.73 trln, rules out impact on 2024 figure
China revised upwards its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), a top statistics official said on Thursday, while releasing the fifth national economic …
China to ramp up fiscal spending in 2025
Beijing: China s Finance Ministry vowed to step up fiscal spending and government bond issuance in 2025, providing stronger support to bolster …
China keeps interest rates steady, drains record cash in policy adjustment
The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014 …
World Bank revises up China’s growth projection
The World Bank has revised up China’s real GDP growth for this year and next to 4.9 percent and 4.5 percent, respectively, while underlining the necessity of ramping up structural reforms alongside …
Oil prices edge higher on hopes for more China stimulus
Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, while an anticipated decline in U.S. crude …
China avoids rate cut to keep ammunition for future pressure
CHINA refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next …
Pre-empting stiff tariffs from Donald Trump, China plans massive $411 billion fiscal stimulus next year; here are all details
Beijing is currently working steadily towards reviving its faltering economy, but the United States may be bent on creating more problems for China’s economy if Trump introduces the heavy import …
