Boost to market confidence, growth momentum
7 months, 3 weeks 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 to pick up in the remainder of the year, driven by reforms to tackle structural issues, improvement in domestic demand, resilient manufacturing activity and stimulus policy measures. They, however, warned the economy is still facing challenges from ongoing disinflationary pressures, still-weak consumer confidence, and potential risks in local government debt and the real estate sector. "Economic reforms in real estate, local government debt and initiatives to promote consumption and enhance social welfare are the three aspects that concern me the most," said Li.

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History of this topic

Country should explore strengths to consolidate base for recovery
3 weeks, 3 days ago

Country should explore strengths to consolidate base for recovery

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. This year, the economy is poised to benefit from the synergistic effects of innovation-driven growth, domestic demand expansion, private enterprise empowerment and the revaluation of Chinese assets by international capital. DeepSeek, a Chinese private artificial intelligence startup, exemplifies the breakthrough advancements in China's AI sector, even …

Localities given more powers to stabilize realty
3 weeks, 3 days ago

Localities given more powers to stabilize realty

China Daily  

Potential homebuyers look at a property model in Taiyuan, Shanxi province. "A mortgage rate cut could be a critical component of the government's broader strategy to arrest the ongoing downturn in the real estate market and guide it toward a sustainable recovery," said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International. The current substantial land inventory and the …

Focusing on real estate woes vital for China
3 weeks, 6 days ago

Focusing on real estate woes vital for China

China Daily  

AI MENG/CHINA DAILY There have been lots of discussions lately about some major adjustments in China's macroeconomy. The fourth group blames deep adjustments in the real estate market for the decline in demand, high debt and oversupply. In summary, we can see that changes in supply, demand and the balance sheet are all related to changes in China's development paradigm, …

Focusing on real estate woes vital for China
3 weeks, 6 days ago

Focusing on real estate woes vital for China

China Daily  

AI MENG/CHINA DAILY There have been lots of discussions lately about some major adjustments in China's macroeconomy. The fourth group blames deep adjustments in the real estate market for the decline in demand, high debt and oversupply. In summary, we can see that changes in supply, demand and the balance sheet are all related to changes in China's development paradigm, …

Why stabilizing housing market matters
2 months, 2 weeks ago

Why stabilizing housing market matters

China Daily  

JIN DING/CHINA DAILY China's real estate market has been fluctuating in recent years, leading to a decline in market confidence, reduction in transaction volumes, and price adjustments. That the Central Economic Work Conference in December also decided to sustain efforts to stabilize the real estate market indicates that supportive policies will continue to be implemented. The real estate market is …

Why stabilizing housing market matters
2 months, 2 weeks ago

Why stabilizing housing market matters

China Daily  

JIN DING/CHINA DAILY China's real estate market has been fluctuating in recent years, leading to a decline in market confidence, reduction in transaction volumes, and price adjustments. That the Central Economic Work Conference in December also decided to sustain efforts to stabilize the real estate market indicates that supportive policies will continue to be implemented. The real estate market is …

China's real estate market stabilizes with comprehensive 2024 policy measures
2 months, 4 weeks ago

China's real estate market stabilizes with comprehensive 2024 policy measures

China Daily  

Xinhua | Updated: 2025-01-02 11:10 BEIJING -- Supported by a series of policy measures to address the yearslong slump, China's property market has shown signs of stabilization and uptick, with renewed confidence and rising demand observed in its most dynamic regional real estate markets. From easing restrictive policies to introducing stimulus measures, China's 2024 real estate policy package, whether at …

Ground prepared for China's steady growth
3 months, 1 week ago

Ground prepared for China's steady growth

China Daily  

An aerial drone photo taken on Nov 9, 2023 shows a newly-built residential complex in Feixi County of Hefei City, east China's Anhui province. At the Central Economic Work Conference held recently, the Chinese government identified stabilizing securities and real estate prices as among its priorities for the coming year, marking an unprecedentedly clear commitment to supporting both markets. Regarding …

Targeted incremental policies boosting growth
3 months, 3 weeks 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
3 months, 3 weeks 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
3 months, 3 weeks 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 …

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine
5 months 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
7 months, 1 week 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. …

China on track to reach economic growth goal
7 months, 1 week ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

Chinese economy advances with steady growth momentum
7 months, 2 weeks ago

Chinese economy advances with steady growth momentum

China Daily  

The skyline of Beijing. Last month, a broad range of key indicators maintained steady expansion, with production and demand on the rise, overall employment remaining stable, and new growth drivers building up, according to the National Bureau of Statistics. Last month, retail sales of consumer goods went up 2.7 percent year on year to nearly 3.78 trillion yuan, accelerating from …

Economists advocate direct support to consumers
7 months, 2 weeks ago

Economists advocate direct support to consumers

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

Economists advocate direct support to consumers
7 months, 2 weeks ago

Economists advocate direct support to consumers

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

Boost to market confidence, growth momentum
7 months, 3 weeks 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
7 months, 3 weeks 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
7 months, 3 weeks 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
7 months, 3 weeks 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
7 months, 3 weeks 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
7 months, 3 weeks 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
7 months, 3 weeks 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
7 months, 3 weeks 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 …

Boost to market confidence, growth momentum
7 months, 3 weeks 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?
8 months 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 …

Promotion of the property sector development is a key focus
8 months, 1 week ago

Promotion of the property sector development is a key focus

China Daily  

As the deepening of reform practices continues, China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development, a senior official said on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic Affairs, said the key focus should be placed on promoting …

China to foster stable development of the real estate market
8 months, 1 week 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 …

China’s leaders vow to fight ‘risks’ plaguing economy
8 months, 1 week ago

China’s leaders vow to fight ‘risks’ plaguing economy

The Hindu  

Beijing's leaders vowed on July 18 to resolve "risks" plaguing China's economy, but were yet to offer any concrete steps to pull the country out of its financial woes. ‘Market failures’ But Hoo Tiang Boon at Nanyang Technological University in Singapore told AFP the statement "acknowledges certain risks and obstacles to the Chinese economy". With the country facing those headwinds, …

Consumer confidence important to ensuring positive economic growth
8 months, 1 week 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 …

China needs more momentum in its economic recovery
8 months, 3 weeks 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
9 months, 1 week 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
9 months, 1 week 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
9 months, 3 weeks 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
9 months, 3 weeks 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
10 months, 1 week 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
10 months, 1 week 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 …

China unveils 'historic' steps to stabilise crisis-hit real estate sector
10 months, 1 week ago

China unveils 'historic' steps to stabilise crisis-hit real estate sector

Hindustan Times  

China on Friday announced "historic" steps to stabilise the crisis-hit property sector, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. China Real Estate Newspaper, a publication managed by the housing ministry, said the "heavyweight policies" marked "a significant historic moment" for the property sector. After waves of support measures over the past …

Stabilizing economy augurs well for global growth
10 months, 2 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
10 months, 2 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
1 year 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 …

Govt report releases signs of high-quality development
1 year ago

Govt report releases signs of high-quality development

China Daily  

The opening meeting of the second session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2024. The report aligns with the principles of the Central Economic Work Conference held at the end of last year, emphasizing the prioritization of economic growth as a key government focus. The decline is …

Demand recovery to be priority
1 year, 1 month ago

Demand recovery to be priority

China Daily  

A view of Beijing's CBD area. To achieve this year's economic growth target — which is expected to be set at about 5 percent — Su said that fiscal and monetary policies may need to be relaxed to boost domestic demand, including boosting the issuance of central government bonds to expand spending in areas like infrastructure. The People's Bank of …

Time for stronger policy as growth room seen
1 year, 5 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, 6 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. …

Chief China economists speak on China's economic recovery
1 year, 6 months ago

Chief China economists speak on China's economic recovery

China Daily  

Xiong Yi, Deutsche Bank's chief China economist. Q: With recent measures to address the property market downturn and boost confidence in the capital market and the private economy, what's your outlook for the Chinese economy for the rest of the year and 2024? To achieve moderate growth pace, or even potentially higher growth, China needs to provide sufficient countercyclical policy …

Expansionary macro policies still necessary
1 year, 11 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 …

Policies to stabilize real estate financing
2 years, 4 months 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 …

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