Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

China Daily| Updated :2024-08-05 An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. Zhou Maohua, a researcher at China Everbright Bank, said China's domestic demand and consumption will likely continue to pick up in the second half of the year, with the implementation of the latest measures to promote the trade-in program, issuance of treasury bonds and policies on stabilizing the real estate sector taking effect gradually.

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History of this topic

Targeted incremental policies boosting growth
1 month ago

Targeted incremental policies boosting growth

China Daily  

A building under construction in Shanghai. CHINA DAILY After a strong performance in the first quarter, the Chinese economy faced mounting pressures in the second and third quarters due to real estate market changes and weakened domestic demand. From January to October, investment in infrastructure increased by 4.3 percent year-on-year, investment in manufacturing surged by 9.3 percent, and investment in …

Targeted incremental policies boosting growth
1 month ago

Targeted incremental policies boosting growth

China Daily  

A building under construction in Shanghai. CHINA DAILY After a strong performance in the first quarter, the Chinese economy faced mounting pressures in the second and third quarters due to real estate market changes and weakened domestic demand. From January to October, investment in infrastructure increased by 4.3 percent year-on-year, investment in manufacturing surged by 9.3 percent, and investment in …

Homebuyer Confidence Soars as Government Measures Stabilize Property Market
2 months, 1 week ago

Homebuyer Confidence Soars as Government Measures Stabilize Property Market

China Daily  

Market confidence is growing in China's residential property market, with indicators suggesting a potential turnaround after three years of adjustments. The government has announced supportive measures to stabilize the market, including increased support for the housing sector and broader economic policies. Experts believe that these measures will boost household confidence and encourage homebuying decisions.

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine
2 months, 2 weeks ago

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine

China Daily  

China's focus on boosting consumer confidence is gaining momentum as a key growth driver. The government plans to invest heavily in social welfare and property sectors to stimulate spending and boost confidence. This shift is expected to help overcome the challenges of weak domestic demand and geopolitical uncertainties. The IMF's recent projections indicate that China's economy could grow by 4.8% …

Experts see real estate stability
4 months, 2 weeks ago

Experts see real estate stability

China Daily  

A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China's real estate industry is expected to stabilize gradually amid stronger policy support for reducing inventories, improving new supplies and easing liquidity stress of developers, as the country accelerates the establishment of a new development model for long-term high-quality development of the sector, experts said. …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

Kids race with a robot dog during an expo in Mianyang, Sichuan province. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. In its latest efforts to spur domestic demand, China announced in late July that it would allocate …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

Kids race with a robot dog during an expo in Mianyang, Sichuan province. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. In its latest efforts to spur domestic demand, China announced in late July that it would allocate …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. On the property front, the resolution said China will …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

A property construction site in Yantai, Shandong province. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Notably, the resolution said municipal governments will be given greater decision-making powers to regulate the real estate market, …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

An employee tests LED lights at a tech company in Ruichang, Jiangxi province. WEI DONGSHENG/FOR CHINA DAILY China's recent decision to deepen economic structural reforms will significantly boost market confidence, revive growth momentum, and facilitate the country's sustainable and high-quality development in the next few years, said officials, experts and entrepreneurs. They estimated that China's economic activity will likely continue …

Boost to market confidence, growth momentum
5 months ago

Boost to market confidence, growth momentum

China Daily  

A property construction site in Yantai, Shandong province. On the property front, the resolution said China will move faster to establish a housing system that supports both housing rentals and purchases and foster a new development model for the real estate sector. Notably, the resolution said municipal governments will be given greater decision-making powers to regulate the real estate market, …

Where Does China’s Economic Policy Go From Here?
5 months, 1 week ago

Where Does China’s Economic Policy Go From Here?

The Diplomat  

On April 30, China announced that it will host the third plenary session of the 20th Central Committee in July. The main theme will be “comprehensively deepening reform and advancing Chinese modernization.” This meeting of the top governing body of the Chinese Communist Party is important, because it provides a plan and the big economic picture for the duration of …

On track to attain 2024 growth goal
5 months, 2 weeks ago

On track to attain 2024 growth goal

China Daily  

Two participants at the 2024 Summer Davos Forum exchange views in Dalian, Liaoning province. YAO JIANFENG/XINHUA China is on track to reach the 2024 GDP growth target of around 5 percent given the strong policy stimulus, continued recovery trend and gradual recovery in domestic demand, experts and entrepreneurs said. Despite facing challenges from a sluggish real estate market, still-weak demand …

China to foster stable development of the real estate market
5 months, 3 weeks ago

China to foster stable development of the real estate market

China Daily  

China will foster the stable and sound development of the real estate market while accelerating the growth of emerging industries and expanding domestic demand. China will make combined efforts of digesting the existing stock and optimizing the increment in the real estate sector, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Consumer confidence important to ensuring positive economic growth
5 months, 3 weeks ago

Consumer confidence important to ensuring positive economic growth

China Daily  

Employees work at an electrical machinery manufacturer in Haian, Jiangsu province. ZHAI HUIYONG/XINHUA China's gross domestic product grew 5.0 percent year-on-year in the first half of this year, National Bureau of Statistics data show, while GDP grew 5.3 percent in the first quarter and 4.7 percent in the second quarter, showing signs of decelerating growth. The momentum of global economic …

First-half figures offer solid base for whole-year growth
5 months, 3 weeks ago

First-half figures offer solid base for whole-year growth

China Daily  

Visitors throng a beach in Dalian, Liaoning province, on Sunday. China's economy grew by 5 percent in the first half of this year despite challenges such as still-weak demand and a complex external environment, providing a solid base for achieving the whole-year growth target, analysts said on Monday. Zhou Maohua, a researcher at China Everbright Bank, said, "The second-quarter growth …

China needs more momentum in its economic recovery
6 months ago

China needs more momentum in its economic recovery

China Daily  

CAI MENG/CHINA DAILY China's economy is still in a post-pandemic recovery stage, with production indicators in January and February showing positive trends. From January to April, China's exports grew 11.4 percent year-on-year, and manufacturing investment maintained a rapid growth rate. Driven by exports and manufacturing investment, industrial production recovered relatively well, with a growth rate of 6 percent from January …

High-quality growth boosts investors' confidence
6 months, 3 weeks ago

High-quality growth boosts investors' confidence

China Daily  

JIN DING/CHINA DAILY China's major targets for this year include a GDP of about 5 percent, the creation of 12 million jobs and keeping the increase in inflation below 3 percent. Since 2015, China has been the world's largest economy by GDP, with substantial improvements in people's purchasing power and standard of living. China's manufacturing capacity and digital economy can …

High-quality growth boosts investors' confidence
6 months, 3 weeks ago

High-quality growth boosts investors' confidence

China Daily  

JIN DING/CHINA DAILY China's major targets for this year include a GDP of about 5 percent, the creation of 12 million jobs and keeping the increase in inflation below 3 percent. Since 2015, China has been the world's largest economy by GDP, with substantial improvements in people's purchasing power and standard of living. China's manufacturing capacity and digital economy can …

Realty eyes stability and recovery
7 months, 1 week ago

Realty eyes stability and recovery

China Daily  

Clients inquire about home loan procedures at a bank in Haian, Jiangsu province. Brodie said due to the continued impact of market factors like house price expectations, the stabilization of the residential real estate market will likely still take some more time to reach a positive growth recovery point. On creating a new real estate development model and promoting high-quality …

Realty eyes stability and recovery
7 months, 1 week ago

Realty eyes stability and recovery

China Daily  

A property construction site in Yantai, Shandong province. TANG KE/FOR CHINA DAILY The recent wave of supportive policies for the beleaguered property industry will guide the real estate market toward stability and recovery, experts said. "We believe the worst is behind the property market," said Chen Sheng, president of the China Real Estate Data Academy. "The recent real estate policies …

Realty eyes stability and recovery
7 months, 1 week ago

Realty eyes stability and recovery

China Daily  

A property construction site in Yantai, Shandong province. TANG KE/FOR CHINA DAILY The recent wave of supportive policies for the beleaguered property industry will guide the real estate market toward stability and recovery, experts said. "We believe the worst is behind the property market," said Chen Sheng, president of the China Real Estate Data Academy. "The recent real estate policies …

Key move at critical moment for property market
7 months, 3 weeks ago

Key move at critical moment for property market

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. On Friday, the People's Bank of China issued several important new real estate policies, including reducing the down payment ratio for home purchases to 15 percent, lowering the interest rates for provident fund loans and mortgages, and providing loans to local governments to buy unsold apartments for …

Key move at critical moment for property market
7 months, 3 weeks ago

Key move at critical moment for property market

China Daily  

Residential buildings pictured in Changsha, Central China's Hunan province on May 9, 2021. On Friday, the People's Bank of China issued several important new real estate policies, including reducing the down payment ratio for home purchases to 15 percent, lowering the interest rates for provident fund loans and mortgages, and providing loans to local governments to buy unsold apartments for …

Stabilizing economy augurs well for global growth
7 months, 4 weeks ago

Stabilizing economy augurs well for global growth

China Daily  

Employees work on the production line of a tractor manufacturer in Luoyang, Henan province. ZHANG YIXI/FOR CHINA DAILY "I think the economy is stabilizing," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. He said China's economy still enjoys favorable conditions and factors, given a potential soft landing of the US economy and the stronger growth in the global economy. …

Stabilizing economy augurs well for global growth
7 months, 4 weeks ago

Stabilizing economy augurs well for global growth

China Daily  

Employees work on the production line of a tractor manufacturer in Luoyang, Henan province. ZHANG YIXI/FOR CHINA DAILY "I think the economy is stabilizing," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. He said China's economy still enjoys favorable conditions and factors, given a potential soft landing of the US economy and the stronger growth in the global economy. …

New real-estate development mode key to solving housing market woes
9 months, 3 weeks ago

New real-estate development mode key to solving housing market woes

China Daily  

A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. The policies recently announced by the top authorities indicate that the country will strive to seek breakthroughs by stabilizing the market, preventing risks and promoting transformation, while actively building a new mode of real estate development. Although the task of stabilizing the real estate market is still …

A slower, but healthier dragon year
1 year ago

A slower, but healthier dragon year

China Daily  

MA XUEJING/CHINA DAILY China heads into 2024 with relatively loose policy settings, but private sector sentiment constrained by property pessimism. Episodic credit events will persist so long as the "stock" problem of the sector remains unresolved, and we think authorities' policy response will be similar to that in 2023 — at arm's length when it comes to single-name default risks, …

Time for stronger policy as growth room seen
1 year, 2 months ago

Time for stronger policy as growth room seen

China Daily  

CAI MENG/CHINA DAILY As China's Ministry of Finance vowed in late August to continue to increase the issuance of local government special bonds in the latter half of the year, the country's economy was expected to continue to record stable recovery figures in September and October. Having been narrowing in the past three decades, the gap between the two major …

China’s economic growth target of 5% for 2023 at risk due to property crisis
1 year, 3 months ago

China’s economic growth target of 5% for 2023 at risk due to property crisis

Live Mint  

China will just about meet its economic growth target of around 5% for this year, the latest Bloomberg survey shows, although the ongoing property crisis is raising the risk of a miss. “The real estate sector will continue to be under mounting pressure” despite recent government efforts to support property, said analysts at Poseidon Partner, a Hong Kong-based investment firm. …

Expansionary macro policies still necessary
1 year, 9 months ago

Expansionary macro policies still necessary

China Daily  

CAI MENG/CHINA DAILY The outlook for China's economic growth this year is generally positive. Consumption, production and investment have recovered significantly after the optimization of contagion control policies with last year's low base providing room for rapid growth on a comparative basis. When China's economy confronted downside challenges in the past, policies were mainly adopted on the supply side to …

China confident on growth, vice-premier tells forum
1 year, 11 months ago

China confident on growth, vice-premier tells forum

China Daily  

Vice-Premier Liu He speaks during a session of the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Davos: Liu's attendance helps build cooperation Vice-Premier Liu He said on Tuesday that China is confident growth will likely return to its normal trend this year and the country's economy will "see a significant improvement". Delivering a speech to the World …

China confident on growth, vice-premier tells forum
1 year, 11 months ago

China confident on growth, vice-premier tells forum

China Daily  

Vice-Premier Liu He speaks during a session of the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Davos: Liu's attendance helps build cooperation Vice-Premier Liu He said on Tuesday that China is confident growth will likely return to its normal trend this year and the country's economy will "see a significant improvement". Delivering a speech to the World …

Policies to stabilize real estate financing
2 years, 1 month ago

Policies to stabilize real estate financing

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. China's latest policies will pump more liquidity into the economy to boost growth, improve real estate financing, stabilize market expectations and help shore up economic recovery in the coming months, industry experts said. Other measures include the central bank's move on Friday to cut the reserve requirement ratio for …

Balanced approach to real estate
2 years, 1 month ago

Balanced approach to real estate

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. Although that might appear contradictory, it is not a contradiction to encourage appropriate housing consumption while curbing real estate speculation, since both approaches serve the general development goal of "providing all people with adequate housing". Since the principle of "housing is for living in, not for speculation" was first …

Pinched by housing downturn, Chinese families rein in spending
2 years, 4 months ago

Pinched by housing downturn, Chinese families rein in spending

Live Mint  

A two-decade boom in real estate made many Chinese families feel richer. “If more people suffer from income loss, the foundation that supports the bubble in the property market will be shaken," said 39-year old Ms. Tang, who works in the finance industry. As fears of declining home values deepen, more people will re-evaluate their spending and investment decisions, said …

China’s economy beats expectations with 4 percent growth in Q4
2 years, 11 months ago

China’s economy beats expectations with 4 percent growth in Q4

Al Jazeera  

Chinese economy expands 8.1 percent for the whole of 2021 amid weakest Q4 growth in more than a year. “The Evergrande debt default had a chilling effect on construction and property development, and likely indicates balance sheet issues at other property firms,” said Tommy Wu, lead China economist for Oxford Economics in Hong Kong. The large stimulus seen in previous …

China pumps $188 billion into the economy to counter real estate slump
3 years, 1 month ago

China pumps $188 billion into the economy to counter real estate slump

CNN  

Hong Kong CNN Business — China has decided it’s time to loosen its purse strings and pump money into the economy in a bid to stave off threats to the recovery. The decision — the second cut to that ratio this year — came on the same day China’s Politburo signaled that it may take more aggressive actions to protect …

For China, reining in real estate is a high-stakes balancing act
3 years, 1 month ago

For China, reining in real estate is a high-stakes balancing act

Al Jazeera  

Authorities are loosening lending and home approvals even as Beijing pushes to reduce economy’s reliance on property. “Beijing wants to ensure that there’s sufficient liquidity to maintain construction in the property sector,” Janz Chiang, an analyst at Trivium China in Beijing, told Al Jazeera. “While they are most likely to continue with their policy trajectory to cool the property market, …

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