(Yicai) July 26 — China will allocate CNY300 billion (USD41.5 billion) in ultra-long special treasury bonds for large-scale equipment upgrades and trade-in of consumer goods to boost domestic demand.
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China to Issue USD41.5 Billion in Bonds for Gear Upgrades, Consumer Goods Trade-Ins
(Yicai) July 26 — China will allocate CNY300 billion (USD41.5 billion) in ultra-long special treasury bonds for large-scale equipment upgrades and trade-in of consumer goods to boost domestic demand.
China Pledges Fresh Fiscal Support to Boost Domestic Demand as Economy Slows
China’s policymakers have taken a fresh stab at jolting consumption … the National Development and Reform Commission said in a joint notice with the finance ministry. About half of the funds will be …
China reports robust growth in overseas investment in H1
China reported steady growth in overseas investment in the first half (H1) of 2024, official data showed Thursday, indicating the country’s broadened engagement in cooperation on the global market.
China reports robust growth in overseas investment in H1
China reported steady growth in overseas investment in the first half (H1) of 2024, official data showed Thursday, indicating the country’s broadened engagement in cooperation on the global market.
China Reveals $41 Billion Price Tag of Plan to Boost Consumption
China disclosed for the first time it’s earmarking 300 billion yuan ($41 billion) for an initiative to give a makeover to the country’s stock of industrial and household equipment.
China’s central bank has been a big buyer of gold. Will it continue?
TOKYO — The People’s Bank of China has become a leading buyer of gold, and its relatively low exposure to the precious metal gives it room to pile on more. Getting a clear picture of…
China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program
China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits.
Nio, XPeng, Li Auto Benefit From China’s Increased Vehicle Subsidies
China is expanding its stimulus program by approximately 300 billion yuan ($41.5 billion) to subsidize purchases of passenger vehicles and consumer electronics, aiming to boost stagnant retail …
China doubles cash subsidies to propel EV sales as economic growth falls short
Consumers who replace their conventional cars with an EV stand to receive a subsidy of 20,000 yuan (US$2,770), up from 10,000 yuan announced in April.
As Growth Sputters, Beijing Tries Again to Jolt China’s Economy
China’s central bank unexpectedly cut the rate on its medium-term loans to banks, just days after its surprise reduction to a key short-term policy rate as it sought to support the country’s ailing …
China’s Central Bank Cuts Key Policy Rate in Surprise Move
China’s central bank surprised markets again by cutting another key policy rate, continuing a wave of monetary easing as it looks to support the country’s ailing economy.The People’s Bank of China on …
Pakistan’s finance minister in Beijing to seek debt relief, say sources
ISLAMABAD (Reuters) – Pakistan’s Finance Minister Muhammad Aurangzeb on Thursday arrived in Beijing to open talks on power sector structural reforms suggested by the International Monetary Fund (IMF), …
