Finance Minister Lan Foan said Beijing will help local governments with their debt, give subsidies to low-income individuals, support the property market, and replenish state banks’ capital.
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China’s bold move to stimulate economy? Takeaways from Finance Ministry’s press conference
China Shores Up Property Sector, Signals More Spending Is Coming
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 BloombergThe Cablebus …
China urges EU not to affect EV tariff talks with separate price negotiations
China urged the European Union on Saturday not to conduct separate negotiations over the prices for China-made electric vehicles, warning that would “shake the foundations” of bilateral tariff …
China’s economic woes give its markets a week to forget, and its public little cause for optimism
This week’s market slump comes at a time when China is struggling to recover from the pandemic and is beset with inflation and a sluggish property market.
Efforts by the US to counter China in the South China Sea could backfire
The US could ramp up efforts to counter China in the South China Sea but that comes with risks, security experts told BI.
China threatens Taiwan with more trade measures after denouncing president’s speech
China is studying further trade measures against Taiwan, the Ministry of Commerce said on Saturday, two days after Beijing slammed a speech by Taiwan President Lai Ching-Te.
China unveils fiscal stimulus measures to revive growth
China’s finance ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the flagging economy and achieving the government’s growth target, though it did not disclose the size of the new measures.
Desperate China is gearing up for a war with the West
Beijing is also swift to exploit indications of political weakness and hesitation, notably in the UK since the recent elections, where a familiar band of CCP apologists has supported pressure from China on wavering institutions…
China’s stimulus message leaves investors wanting though hanging onto hope
China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable details that investors need to ratify their recent return to the world’s second-biggest stock market.
China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
The Boomerang Effect of Beijing’s Economic Censorship
By suppressing negative content, the regime could blind itself to China’s economic reality and motivate citizens to seek out uncensored information.
China’s finance minister says there is room for more economic stimulus but offers no plan
China’s finance minister says the government is looking at additional ways to boost the economy, but he didn’t unveil a major new stimulus plan at a news conference Saturday
Beijing unveils measures to revive economy
China’s finance minister said on Saturday that the country would “significantly increase” government debt issuance to offer subsidies to people with …
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