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, suggesting there is still room for reduction to some degree. China's monetary policy will strengthen counter-cyclical adjustments at the aggregate level, continuing to focus on domestic conditions and giving priority to supporting domestic economic development, he said. Proactive fiscal policy and accommodative monetary policy are needed for China to facilitate economic recovery, support the real economy and create job opportunities, said Yi Gang, former PBOC governor and president of the China Society for Finance and Banking. At the Bund Summit, Haruhiko Kuroda, former governor of Bank of Japan, the country's central bank, also opined that an accommodative monetary policy would serve China well.

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GDP goal for '25 may stay at 5%
5 days, 1 hour 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 …

China to enact more proactive fiscal policy
Trending News
1 week, 3 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 …

Unconventional monetary steps eyed
1 week, 6 days ago

Unconventional monetary steps eyed

China Daily  

The skyline of Beijing. China may take unconventional monetary steps to finance bolder fiscal expansion next year as a top-level meeting has marked a rare shift in policy stance to navigate intensified uncertainties, policy researchers and economists said on Tuesday. Hu Yifan, head of macroeconomics for Asia-Pacific at UBS Global Wealth Management, said that strengthening fiscal stimulus would be key …

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 …

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy
2 weeks ago

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s top leaders have …

Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy
2 weeks ago

Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy

Associated Press  

BANGKOK — China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth. Shares in Hong Kong jumped Monday after state media released a report on the meeting by the ruling Communist Party’s Politburo that said …

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, 1 day 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 …

China vows to ramp up moves to spur economic growth in 2025
2 weeks, 1 day ago

China vows to ramp up moves to spur economic growth in 2025

CNN  

China will adopt an “appropriately loose” monetary policy next year, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying Monday. “A more proactive fiscal policy and an appropriately loose monetary policy should be implemented, enhancing and refining the policy toolkit, strengthening extraordinary counter-cyclical adjustments,” the readout said. “We think it points to strong …

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 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
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
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, …

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 …

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

PBOC pledges more monetary policy support

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. 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 …

Proactive policy helps address price weakness
1 month, 1 week ago

Proactive policy helps address price weakness

China Daily  

The skyline of Beijing. In the third quarter, China's real GDP growth was 4.6 percent year-on-year, with final consumption expenditure, gross capital formation and net exports of goods and services contributing 1.35, 1.28 and 1.97 percentage points, respectively. On the one hand, real estate development investment is an important component of domestic demand, and the cumulative year-on-year growth rate of …

China to strengthen financial support for economy's high-quality development: report
1 month, 2 weeks ago

China to strengthen financial support for economy's high-quality development: report

China Daily  

BEIJING -- The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation of patient capital, according to a State Council report on financial work. The report, which was recently submitted to the 12th session of the Standing …

China to strengthen financial support for economy's high-quality development: report
1 month, 2 weeks ago

China to strengthen financial support for economy's high-quality development: report

China Daily  

BEIJING -- The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation of patient capital, according to a State Council report on financial work. The report, which was recently submitted to the 12th session of the Standing …

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 …

US Economy Surges, But Reflation Concerns Loom
2 months ago

US Economy Surges, But Reflation Concerns Loom

China Daily  

US economic data suggests a potential reversal of rate cut expectations, with the recent surge in jobs and business activity far exceeding expectations. This could lead to concerns about external reflation and the potential interruption of the Fed's rate cut cycle. Additionally, the strengthening of the US dollar due to the current reflation expectation may have some external effects on …

More policy support to bolster growth expected
3 months, 1 week 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 …

Policy talk heats up on mixed factory data
3 months, 3 weeks ago

Policy talk heats up on mixed factory data

China Daily  

An employee works on the production line of a combine harvester manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY China's manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country's annual growth target, economists and analysts said. The Caixin China General Manufacturing …

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 …

China's factory output disappoints, dashing hopes for speedy recovery
4 months, 1 week ago

China's factory output disappoints, dashing hopes for speedy recovery

The Hindu  

China's factory output growth slowed and missed expectations in July, adding to a series of indicators that show the world's second-largest economy is struggling to kick into a higher gear, even with recent government support. "The data shows that the economy has gotten off to a weak start in the second half of the year, and it is expected that …

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, …

More proactive monetary, fiscal policies seen as key
5 months, 1 week ago

More proactive monetary, fiscal policies seen as key

China Daily  

Consumers browse products at a supermarket in Handan, Hebei province, on Wednesday. Zhou Mi, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said the gentle CPI recovery reflects the country's strengthening driving force of domestic consumption growth. Li Peijia, a senior analyst at Bank of China, said China's growing CPI benefits from its large-scale equipment …

Chinese economy gathers steam amid targeted policy mix
5 months, 1 week ago

Chinese economy gathers steam amid targeted policy mix

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. BEIJING - Multiple indicators have pointed to improved performance of the Chinese economy in the first half, signaling sustained recovery momentum as the country navigates hurdles and headwinds with a targeted policy mix. Speaking at a symposium on the economic situation last week, Premier Li Qiang said that the …

China's economic recovery gets off to a great start this year
8 months ago

China's economic recovery gets off to a great start this year

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. China's economic recovery has gotten off to a good start this year, laying a solid foundation for achieving annual economic targets, said Pan Gongsheng, governor of the People's Bank of China, the country's central bank. Addressing the 49th meeting of the International …

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 …

Experts see signs of recovery in economy
8 months, 3 weeks ago

Experts see signs of recovery in economy

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. FENG YONGBIN/CHINA DAILY China's economy is showing signs of steady recovery with effective measures to boost domestic demand and tackle structural issues, participants attending the Boao Forum for Asia Annual Conference 2024 said on Thursday. Citing some …

Adviser says macro policies' joint effect key
9 months, 1 week ago

Adviser says macro policies' joint effect key

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. China's macroeconomic policy support can achieve greater impact by further coordinating fiscal and monetary policy measures, such as integrating the funding support provided by fiscal subsidies and structural monetary policy instruments, said a central bank official and national political adviser. "Fiscal and monetary policy — as the …

Experts: CPI data points to recovery in demand
9 months, 1 week ago

Experts: CPI data points to recovery in demand

China Daily  

A customer buys fruit at a shop in Shenyang, Liaoning province on Jan 25, 2024. They also said they expect the government to step up both fiscal and monetary policy support, including more fiscal spending to bolster domestic demand alongside further reserve requirement ratio reductions and policy rate cuts. China's producer price index, which gauges factory-gate prices, dropped 2.7 percent …

Experts: CPI data points to recovery in demand
9 months, 1 week ago

Experts: CPI data points to recovery in demand

China Daily  

A customer buys fruit at a shop in Shenyang, Liaoning province on Jan 25, 2024. They also said they expect the government to step up both fiscal and monetary policy support, including more fiscal spending to bolster domestic demand alongside further reserve requirement ratio reductions and policy rate cuts. China's producer price index, which gauges factory-gate prices, dropped 2.7 percent …

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 …

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 …

Demand recovery to be priority
9 months, 3 weeks 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 …

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 doubles down on moves to mend its economy and fend off a financial crisis
10 months, 3 weeks ago

China doubles down on moves to mend its economy and fend off a financial crisis

Associated Press  

BANGKOK — China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The Chinese economy grew at a 5.2% annual pace in 2023, exceeding the government’s target, and many indicators including factory output and retail sales show signs of improvement. Premier Li Qiang chaired a meeting …

China expected to maintain steady growth
11 months, 3 weeks ago

China expected to maintain steady growth

China Daily  

Employees work on the assembly line of a carmaker in Qingdao, Shandong province. Experts say consumption will remain primary driver of economy in 2024 China's economy is set to maintain robust and steady growth in 2024 as domestic demand further recovers, driven by ramped-up macroeconomic policy support and the deepening of industrial upgrading, senior experts said. Traditional consumption areas such …

Country's strategic priorities reflect Chinese wisdom
11 months, 3 weeks ago

Country's strategic priorities reflect Chinese wisdom

China Daily  

The financial district of Pudong New Area. In addition, the nation's recently announced strategic priorities — science technology, innovation, development of a modern industrial system, the boosting of domestic demand, support for agriculture and rural farmers, integration of urban-rural development, coordinated regional development, immense social development, high-level opening-up and prevention of risks in key areas — vividly reflect the economic …

China expected to maintain steady growth
11 months, 3 weeks ago

China expected to maintain steady growth

China Daily  

A view of the Huangpu River in Shanghai. Experts say consumption will remain primary driver of economy in 2024 China's economy is set to maintain robust and steady growth in 2024 as domestic demand further recovers, driven by ramped-up macroeconomic policy support and the deepening of industrial upgrading, senior experts said. Traditional consumption areas such as vehicles and electronics are …

Conference sets policy agenda for stable growth next year
1 year ago

Conference sets policy agenda for stable growth next year

China Daily  

By CAO DESHENG | China Daily | Updated: 2023-12-13 07:15 Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at the annual Central Economic Work Conference in Beijing, capital of China. China is expected to leverage a slew of policy tools to stabilize and …

Economists call for more policy push
1 year ago

Economists call for more policy push

China Daily  

A woman selects vegetables at a supermarket in Huaihua city of Hunan province, Oct 13, 2023. China's consumer prices dropped for the second consecutive month in November, indicating still-weak demand and backing the case for further policy support, including a likely reduction in the reserve requirement ratio for banks, economists said on Sunday. Noting that Friday's meeting has set the …

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival
1 year ago

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival

Firstpost  

“It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, prevent and defuse risks,” said Xi As sluggish domestic activity and property sector woes drag on a post-pandemic rebound, President Xi Jinping on Friday said that China’s economic recovery is at a “critical stage”. “At present, the country’s economic recovery is still at …

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