BEIJING – The value of China’s privately offered funds stood at 20.61 trillion yuan ($2.90 trillion) at the end of November, industrial data shows. The figure was up from 20.59 trillion yuan a month …
Tagged By finance
Beijing’s Remedy For The Great Property Crisis Is Doomed To Fail.
After considerable dithering, Beijing has made its boldest effort yet to remedy China’s property/financial crisis. Mostly it just just kicks the can down the road..
China’s problems boil down to demand, derisking, demographics, and debt, economist says
China’s economic mess is being caused by “four D’s,” and the country’s leaders are going about solving the problem the wrong way.
Exclusive: China to run budget gap of 3% of GDP in 2024, issue special debt
Another key part of China’s overall fiscal stance is the bond quota local governments are allowed to issue, which is also outside the government’s budget. One of the sources said it could be close to…
China Shrinks Budget Deficit Again in Weak Support for Growth
China’s budget deficit continued to contract so far this year, as government revenue grew from a favorable comparison base in Covid-hit 2022 while spending declined.
China Injects Record $204B To Boost Financial System For 13th Consecutive Month
This ongoing financial support highlights the arduous task Beijing faces to sell an additional 1 trillion yuan in Q4 of the year to finance its stimulus.
China Property Stocks Rally as Shanghai, Beijing Invite Home Buyers
Chinese property stocks climbed in Hong Kong after Beijing and Shanghai eased policies for home buyers, but analysts are divided on whether the momentum will last.
China central bank boosts liquidity offering via policy loans, rate unchanged
China’s central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Friday, matching market expectations. Despite the steady …
China to run budget gap of 3% of GDP in 2024, issue special debt
Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3 percent of gross domestic product in 2024, three sources with knowledge of the matter said, while…
China’s Xi Jinping urges ‘to the letter’ compliance as economic recovery remains top concern
The president, during a speech at a major economic conference, has stressed the need to ‘comprehensively’ carry out instructions and act ‘vigorously’ to aid in the country’s economic recovery.
Beijing confirms 5% growth, but debtors and people excluded from welfare rise
This is the GDP target set for 2024 at the conclusion of the Chinese Communist Party’s economic conference. At the centre of the proceedings are fears over the real estate sector and obstacles to …
Yellen plans to accelerate climate, financial market cooperation with China
U.S. Treasury Secretary Janet Yellen on Thursday mapped out her top priorities for managing U.S.-Sino relations next year, including a planned second visit to China and steps to accelerate cooperation …
Beijing and Shanghai cut down-payment ratios as part of stimulus aimed at reviving housing markets
Beijing’s policy change around home purchases has important implications for the whole country,’ senior Fitch Bohua analyst says.
