At the NPC session last year, the Chinese government proposed a defense budget of 1.55 trillion yuan for the 2023 fiscal year, a 7.2 percent year-on-year increase. The 2022 defense budget was proposed …
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China Plans $139 Billion Special Ultra-Long Debt for Economy
(Bloomberg) — China plans to issue 1 trillion yuan ($139 billion … local governments will be allowed to sell 3.9 trillion yuan of new special bonds, mainly used to finance infrastructure spending, …
China Defense Spending to Climb 7.2% as Xi Pursues Buildup
China’s defense spending will grow by 7.2% this year, the biggest in five years, an increase that comes amid signs corruption is undermining a military revamp.
There’s no fiscal ‘bazooka’ that China can aim at all of its economic troubles, Citi strategist says
The idea that China’s government will be able to steer the economy towards prosperity is an assumption that needs to be revised, Citi’s Luis Costa said.
Beijing has conducted research to better integrate Hong Kong youths into nation’s development, CPPCC chairman Wang Huning says
Ideology chief also flags ‘systematic deficiencies’ on comprehensive research at the national level in his speech at the opening of the annual Two Sessions ‘[We] organised thematic inspections to …
Beijing has conducted research on better integrating young Hongkongers into nation’s development, CPPCC chairman Wang Huning says
Ideology chief Wang Huning also flags ‘systematic deficiencies’ on comprehensive research at the national level in his speech at the opening of the annual ‘two sessions’.
China’s Belt and Road Initiative plagued by corruption and political backlash: report
China’s signature Belt and Road Initiative has failed to … which created the Development Finance Corporation and allows the government to invest in global infrastructure. “Against a backdrop of …
Ex-Bank of Beijing boss being investigated for alleged corruption
Beijing: The former chairman of the state-owned Bank of Beijing … Xi in January vowed to intensify the crackdown against misconduct in the finance, energy and infrastructure sectors, a move …
China’s financial clout will be hard to reverse
Now a second China shock is quietly detonating in international finance. Two decades of current account surpluses enabled the country to accumulate the largest trove of foreign savings the world has …
China to reveal 2024 GDP growth target at National People’s Congress, likely to avoid bold reforms
China’s Premier Li Qiang will deliver the government work report for the first time at the National People’s Congress on Tuesday. The 2024 target will be the single most important policy signal from …
What to expect at China’s ‘Two Sessions’ amid sagging economy, party drama
Legislature and political advisory body to convene to pass laws, make political appointments, and set goals for 2024.
China to Unveil GDP Target, Avoid ‘Bazooka’ Stimulus at Meeting
China may need stronger stimulus to achieve its growth target this year. The Ministry of Finance’s budget report, which will also be released on Tuesday, will show just how far Beijing is willing to …
China’s ‘two sessions’ 2024: after high-level purges, will party leadership tidy up loose ends?
In the fifth part of the series, William Zheng explores the questions hanging over this year’s event after the dramatic high-level purges of the past year. When thousands of members of China’s …
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