That amounts to US$52 billion for 2024, with continued expenditure ‘guaranteed’ because of sector’s key role in driving development It comes as Beijing is pushing for technological self-reliance to …
FINANCE
Beijing’s “White List” Answer To Its Property Crisis Is Insufficient
China’s property crisis has created a huge financial mess that needs much time and effort to clean up. Beijing’s “white lists” are inadequate in the extreme..
China Raises Defense Budget to 1.67 Trillion Yuan, Up 7.2% Amid Regional Tensions
In a significant development, China has declared a 7.2% increase in its defense budget for the year 2024, earmarking a staggering 1.67 trillion yuan. The increment, outlined in the budget report by …
Investors are rightly treating China like a short-term speculative play, rather than a long-term investment, top economist Mohamed El-Erian says
Long-term traders will only come back when Beijing offers a decisive transition from an economy dependent on global demand, El-Erian wrote in FT.
China’s ‘two sessions’ 2024: defence budget signals military readiness, not imminent war, experts say
The 7.2 per cent growth earmarked for China’s military budget for this year is the same as 2023 and shows Beijing is not preparing for imminent war, but is taking strategically cautious steps to …
China drops mention of ‘peaceful’ from Taiwan ambition as it increases military spending by 7.2%
China drops mention of ‘peaceful’ from Taiwan ambition as it increases military spending by 7.2% – China’s military expenditure will rise to an estimated £181.7bn …
China’s leaders announce a push to jumpstart economy, but say it won’t be easy
The country’s premier announces a round of fiscal stimulus to boost employment, but warns its legions of bureaucrats to gird themselves for a period of fiscal austerity.
China Boosts Military Spending By 7.2% Amid Anti-Corruption Probe, Vows To Deter Taiwan ‘Separatist Activities’
China has announced a significant increase in its military spending for 2024. This decision comes amid an ongoing anti-corruption probe within the People’s Liberation Army (PLA) and escalating …
China needs to unlock more stimulus to meet 5% GDP target- ANZ
Investing.com– The Chinese government will likely need to unlock more stimulus to meet its 5% GDP target for 2024, analysts at ANZ said in a note on Tuesday.ANZ analysts noted that the 5% target, …
China vows to ‘transform’ economy, targets stable growth of around 5%
China will target economic growth of around 5% this year, Premier Li Qiang said on Tuesday, promising steps to transform the country’s development model, curb industrial overcapacity and tackle risks …
China to increase military spending as it sets ambitious growth target for 2024
The Asian giant’s defence budget would rise to 1.67 trillion yuan (£181.7bn), according to the annual finance ministry report released at the National People’s Congress. China’s defence budget in 2023 …
China Says It Will Defuse Financial Risks at Its Top Legislative Meeting
China pledged to deepen measures to address financial risks and “hidden dangers” at its annual legislative meeting, as policymakers seek to grow the economy with “greater security.” Top officials aim …
China Sets Ambitious 5% Growth Target for 2024
BEIJING—China announced an economic growth target of around 5% for the year, unchanged from the previous year, a goal that economists say will require more policy support as challenges mount.This year …
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