At the ‘two sessions’ parliamentary gatherings in Beijing, officials have broken down what it will take for China to meet an annual economic growth target that many analysts contend is out of reach.
Tagged By finance
Beijing to get tough in bid to rein in runaway local government debt
BEIJING – China will roll out measures to keep runaway local government debt under control and this includes shaming officials and companies found guilty of hiding new arrears, as well as …
China Market Update: JD.com Beats As Financial Heads Hold A Two Sessions Press Conference
Mainland China was mixed as foreign investors were net sellers of … but there was an all-star press conference held by financial department heads today after the Mainland’s close. Participants …
Hong Kong should use its ‘super roles’ to help China become financial powerhouse, top Beijing official in city says
Liaison office chief Zheng Yanxiong describes city as ‘super treasure bowl’ for gathering capital and ‘superconnector’ aligned with global regulations.
Heads of China’s Biggest Agencies, Including Central Bank, Gather to Discuss Key Policy Details
Top finance, economy officials hold rare joint briefing China earlier set 2024 GDP goal of about 5% Economic concerns include housing, debt, investment Chinese lawmakers are holding annual congress in …
China’s ‘two sessions’ 2024: economic heavyweights face press on ambitious 5% GDP growth target
China’s finance, commerce, banking, development and securities heads face the press in Beijing during the annual ‘two sessions’ Questions remain on how Beijing will address the problems facing its …
China makes science and tech a budget priority with 10% jump in spending
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 …
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.
