Policy support driving V-shaped recovery in Q4, experts say
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, the ongoing round of policy support aims to revitalize both demand and supply in the economy, which is a departure from being mainly focused on supply-side reforms as was the case in previous years. Yang Zhiyong, president of the Chinese Academy of Fiscal Sciences, told China Daily that the 12 trillion yuan debt resolution package will effectively ease repayment pressures of local governments, allowing them to focus more on economic development and improving people's livelihood. Dong, from the Securities Association of China, said: "China has the policy reserve to inject more fiscal spending, say, 5 trillion to 8 trillion yuan, next year.

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History of this topic

GDP goal for '25 may stay at 5%
4 days, 18 hours ago

GDP goal for '25 may stay at 5%

China Daily  

Luo Zhiheng China's GDP growth target for 2025 could be set at around 5 percent, unchanged from this year, after a top-level meeting outlined more proactive and effective macroeconomic policies for the coming year, to tackle various challenges head-on and push the economy on an upward trajectory, said a senior economist. Luo's comments came after policymakers set next year's agenda …

Experts see expansionary moves ahead
1 week, 2 days ago

Experts see expansionary moves ahead

China Daily  

A view of Shanghai's Pudong New Area. China may roll out unprecedented expansionary moves in macroeconomic adjustments next year after a top-level meeting signaled a significant shift of mindset in prioritizing the expansion of domestic demand amid external uncertainties, policy researchers and economists said. Measures in the pipeline may include the highest official projected deficit ratio on record, a sharp …

China to enact more proactive fiscal policy
Trending News
1 week, 2 days ago

China to enact more proactive fiscal policy

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-12-14 13:56 China will enact more proactive fiscal policy and moderately loose monetary policy with detailed measures to be delivered at the two sessions the next year, said an official on Saturday. Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said the move marked …

How will Central Economic Work Conference shape 2025 economy?
Trending News
1 week, 3 days ago

How will Central Economic Work Conference shape 2025 economy?

China Daily  

Shi Yu/China Daily China concluded the much-awaited annual Central Economic Work Conference on Dec 12, outlining the government's main economic objectives and policy plans for 2025, which are largely in line with our CEWC preview and Politburo meeting. Therefore, after the March NPC unveils next year's overall policy stimulus package, we think the government may also ramp up additional policy …

China eases monetary policy stance, vows more fiscal support
2 weeks ago

China eases monetary policy stance, vows more fiscal support

Live Mint  

China’s top leaders plan to loosen monetary policy and expand fiscal spending next year, as Beijing braces for a second trade war when Donald Trump takes office next month. The 24-man Politburo led by President Xi Jinping announced it will embrace a “moderately loose” strategy for monetary policy in 2025, marking its first major shift in stance since 2011. The …

China signals more forceful stimulus to come next year
2 weeks ago

China signals more forceful stimulus to come next year

Live Mint  

China’s leaders signaled a more forceful policy approach for next year to boost domestic demand, as the world’s second-largest economy braces for escalating trade tensions with the incoming Trump administration. The 24-member Politburo, China’s top decision-making body, pledged Monday in a meeting to implement more proactive fiscal policy and moderately loose monetary policy for next year. Meanwhile, the mention of …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
2 weeks ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-11-20 14:59 The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities …

Policy support driving V-shaped recovery in Q4, experts say
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

GDP goal to be met on positive cues
1 month, 1 week ago

GDP goal to be met on positive cues

China Daily  

The skyline of Beijing. Citing a package of incremental policy measures announced in recent months, Robin Xing, chief China economist at Morgan Stanley, noted that "recent policy dynamics signal a strong turning of overall government policy in trying to bolster economic growth, boost confidence and stabilize expectations." Xing said he expects to see additional fiscal stimulus in the coming months, …

PBOC pledges more monetary policy support
1 month, 1 week ago

PBOC pledges more monetary policy support

China Daily  

China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting Co, said the central bank may soon coordinate with the 2 trillion yuan in bond …

China’s 10-year bond yields drop amid $1.4 billion debt refinancing program, more stimulus awaited
1 month, 2 weeks ago

China’s 10-year bond yields drop amid $1.4 billion debt refinancing program, more stimulus awaited

Live Mint  

Yield for China's benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. China's Debt Refinancing Programme — The Details The announcement was made after the National People’s Congress Standing Committee meeting on November 8, to “underwhelmed” reactions, as per the …

To revive sluggish economy, China announces $1.4 tn bailout package for local govts
1 month, 2 weeks ago

To revive sluggish economy, China announces $1.4 tn bailout package for local govts

Firstpost  

As China appears set to miss the 5% annual growth target amid continuing economic woes, the Standing Committee of the National People’s Congress has approved a $1.4 trillion package to refinance the unsustainable debt of local governments In the latest step to revive the sluggish economy, China on Friday announced a $1.4 trillion package. The bailout package, announced by Finance …

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
1 month, 2 weeks ago

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?

Live Mint  

China is expected to unveil significant economic measures Friday at the conclusion of the National People's Congress Standing Committee meeting, aiming to revive its struggling economy, AP reported. Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic. Any new spending or economic boost …

China approves $840B plan to refinance local government debt, boost slowing economy
1 month, 2 weeks ago

China approves $840B plan to refinance local government debt, boost slowing economy

Associated Press  

BEIJING — China on Friday approved a 6 trillion yuan plan to help local governments refinance their mountains of debt, in the latest push to rev up growth in the world’s second largest economy. Finance minister Lan Fo’an estimated that the hidden debt of local governments was 14.3 trillion yuan at the end of 2023. Lan said 2 trillion yuan …

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth
1 month, 2 weeks ago

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China has approved a 10 trillion yuan plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially …

China leverages fiscal toolbox to consolidate economic growth
1 month, 2 weeks ago

China leverages fiscal toolbox to consolidate economic growth

China Daily  

China has appropriately enhanced the intensity of the proactive fiscal policy so far this year, utilizing a combination of policy tools, including ultra-long special treasury bonds and tax and fee reductions to promote its sustained economic recovery. Some 700 billion yuan of funds raised via the ultra-long special treasury bonds have been allocated to support the implementation of major national …

China's Stimulus Package Boosts Investment, Consumption, and Sustainable Development
1 month, 3 weeks ago

China's Stimulus Package Boosts Investment, Consumption, and Sustainable Development

China Daily  

China's stimulus package has boosted investment growth, unlocked consumption potential, and facilitated economic recovery amid domestic downward pressure. The initiative includes incentives for large-scale equipment renewals and consumer goods trade-ins, which will pay dividends in terms of immediate economic benefits and lay the foundation for a more sustainable development path.

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
1 month, 3 weeks ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

Growth target within reach on policy effort
2 months ago

Growth target within reach on policy effort

The Independent  

With a potent set of new policies being implemented on various fronts, China is on course to achieving its full-year economic growth target of around 5 per cent, signalling the resilience of the country’s economy despite challenges at home and abroad, said a senior expert. Chen Wenling, chief economist at the China Centre for International Economic Exchanges in Beijing, said …

China to unveil massive debt swap program to avert economic crisis
2 months, 1 week ago

China to unveil massive debt swap program to avert economic crisis

China Daily  

China is considering a massive debt swap program worth trillions of yuan to address its economic challenges. The program will focus on alleviating debt pressures facing local governments, boosting corporate performance, and stabilizing the regulatory environment. The central government plans to increase the debt limit by a large scale at once and replace the hidden debt of local governments, without …

China's Economic Turnaround: A Positive Step but Structural Issues Remain
2 months, 1 week ago

China's Economic Turnaround: A Positive Step but Structural Issues Remain

Hindustan Times  

China's economy is showing signs of a turnaround, with the latest round of stimulus measures expected to boost growth. The bank upgrades its forecasts for 2024 and 2025, with an upgraded growth forecast for next year to 4.7%. Despite the positive outlook, Goldman Sachs cautions that structural issues such as demographics and debt remain and pose challenges beyond 2026.

China's Economic Revival: A Fiscal Stimulus Package to Boost Growth
2 months, 1 week ago

China's Economic Revival: A Fiscal Stimulus Package to Boost Growth

China Daily  

China's economy is expected to receive substantial stimulus in 2024 as the government implements various measures to stabilize the real estate market and boost investment. The focus is on fiscal and monetary policies, with the government considering increasing fiscal deficits or issuing special treasury bonds to alleviate local government debt pressures. Additionally, the government plans to increase investment funding to …

China redoubles first-aid for its economy with support for banks and workers
2 months, 3 weeks ago

China redoubles first-aid for its economy with support for banks and workers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Unconfirmed reports Thursday by the South China Morning Post …

More policy support to bolster growth expected
3 months ago

More policy support to bolster growth expected

China Daily  

A robot operates equipment on the assembly line of an automaker in Xi'an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China is likely to gradually introduce new policies to bolster quality-oriented growth in the near term, as the latest indicators suggest the economy is still feeling the pinch of lackluster demand and low confidence among investors and consumers, analysts said. The …

Experts urge policy steps to help recovery
3 months, 2 weeks ago

Experts urge policy steps to help recovery

China Daily  

A cashier counts RMB notes in a bank in Haian, Jiangsu province. During a news conference on Thursday, Zou Lan, head of the monetary policy department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions — the proportion of deposits they must keep as reserves — is about 7 percent, …

Robust policy steps urged to boost economy
3 months, 3 weeks ago

Robust policy steps urged to boost economy

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. China should further bolster its economy by stepping up fiscal and monetary policy support, including raising the budget deficit and effecting more cuts in the reserve requirement ratio and interest rates, said economists and …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

Clear-cut policy toolkit to steer Chinese economy ahead
4 months, 3 weeks ago

Clear-cut policy toolkit to steer Chinese economy ahead

China Daily  

The skyline of Beijing. Counter-cyclical adjustments should be strengthened, multiple monetary policy tools should be fully utilized, and financial support for the real economy should be reinforced, according to Tuesday's tone-setting meeting of the Political Bureau of the Communist Party of China Central Committee on priorities for H2. Consumption a priority Policymakers underlined the role of consumption in the meeting, …

Clear-cut policy toolkit to steer Chinese economy ahead
4 months, 3 weeks ago

Clear-cut policy toolkit to steer Chinese economy ahead

China Daily  

The skyline of Beijing. Counter-cyclical adjustments should be strengthened, multiple monetary policy tools should be fully utilized, and financial support for the real economy should be reinforced, according to Tuesday's tone-setting meeting of the Political Bureau of the Communist Party of China Central Committee on priorities for H2. Consumption a priority Policymakers underlined the role of consumption in the meeting, …

China revs up fiscal policy support to spur economic recovery
4 months, 3 weeks ago

China revs up fiscal policy support to spur economic recovery

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. BEIJING - China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth. The country will strengthen its fiscal policy to ensure the economy sustains its recovery momentum, …

Fiscal policies to aid sci-tech innovation
4 months, 3 weeks ago

Fiscal policies to aid sci-tech innovation

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. China will strengthen the implementation of fiscal and taxation policies supporting scientific and technological innovation, to promote industrial upgrades and foster new growth momentum, a senior official said on Wednesday. "Focusing on 'strengthening foundation and targeting key areas', we will further support the enhancement of capabilities in scientific and …

China to step up fiscal policy implementation to spur economic recovery: official
4 months, 3 weeks ago

China to step up fiscal policy implementation to spur economic recovery: official

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The country will issue the ultra-long special treasury bonds in a timely manner and make good use of the funds raised from the bond sales, Lin Zechang, of the Ministry of Finance, told a press conference. Lin said that the country will also speed up the issuance …

Intensifying policy implementation helps stabilize growth and expectation
5 months ago

Intensifying policy implementation helps stabilize growth and expectation

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. Latest statistics show that up to now, all the 15,000 projects funded by such bonds have been launched, a sign of China's strengthened macro-regulation to play the role of government investment in boosting the economy. Restoring and expanding demand is the key to sustained economic recovery while …

China reports generally stable growth in final accounts for 2023
5 months, 3 weeks ago

China reports generally stable growth in final accounts for 2023

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING -- China's final central government accounts for 2023 were generally stable, with notable progress achieved in the areas of financial reform and development, according to a report delivered to the country's top legislature on Tuesday. The central government's general public budget revenue totaled 9.96 …

China's financing activities remain steady
6 months, 1 week ago

China's financing activities remain steady

China Daily  

This undated file photo shows an exterior view of the People's Bank of China in Beijing, capital of China. China's financing activity remained lukewarm as the increment in aggregate social financing — the total amount of financing to the real economy — stood at 14.8 trillion yuan in the first five months of 2024, down by 2.52 trillion yuan compared …

Economist predicts further upswing for economy
8 months, 2 weeks ago

Economist predicts further upswing for economy

China Daily  

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist. Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected …

China's new budget book reveals fiscal priorities for 2024
9 months, 1 week ago

China's new budget book reveals fiscal priorities for 2024

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. Greater fiscal input The ultra-long special treasury bonds to be issued over each of the next several years, along with other arrangements including budget deficits, special-purpose bonds, preferential tax and fee policies as well as government subsidies, mark the country's strengthened fiscal …

Country's development potential continues to be released
9 months, 1 week ago

Country's development potential continues to be released

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. In the first two months of this year, the total value of China's exports was $528.01 billion, up 7.1 percent year-on-year, and the total value of its imports was $402.85 billion, an increase of 3.5 percent compared with the same period last year. China's exports to the …

Fiscal moves to bolster recovery
9 months, 2 weeks ago

Fiscal moves to bolster recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. At a news conference on Wednesday on the sidelines of the ongoing annual session of the national legislature, Lan Fo'an, minister of finance, said work will be done to expand fiscal expenditure appropriately to ensure sufficient funding for major national strategic tasks, markedly increase …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

‘Two sessions’: China sets 5 percent growth target, boosts military budget
9 months, 2 weeks ago

‘Two sessions’: China sets 5 percent growth target, boosts military budget

Al Jazeera  

Beijing sets one of its lowest targets in decades amid property crisis, slowing exports and population decline. Li said Beijing would push ahead with “transforming the growth model”, including through tax reform, fostering talent in tech, boosting domestic consumption, removing barriers to private investment, and issuing 1 trillion yuan in special government bonds. China’s economic roadmap, which matches last year’s …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

Premier Li Qiang delivers the Government Work Report at the opening meeting of the second session of the 14th National People's Congress at the Great Hall of the People in Beijing on Tuesday. FENG YONGBIN / CHINA DAILY China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will …

Increase in fiscal revenue result of and boost to solid recovery
10 months, 2 weeks ago

Increase in fiscal revenue result of and boost to solid recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. In 2023, the national fiscal revenue exceeded 21 trillion yuan, an increase of 6.4 percent from the previous year. In 2023, the Chinese government's tax revenue was 18,113 billion yuan, an increase of 8.7 percent year-on-year, among which the value-added tax was 6,933.2 billion …

China weighs more stimulus, considers $139 billion of special bonds: Report
11 months, 1 week ago

China weighs more stimulus, considers $139 billion of special bonds: Report

Live Mint  

China is considering 1 trillion yuan of new debt issuance under a special sovereign bond plan - which will be only the fourth such sale in the past 26 years, according to a Bloomberg report. In that case, Beijing took the unusual step of raising 2023’s fiscal deficit ratio to about 3.8 per cent of gross domestic product — an …

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