Chinese economy

China presents local debt package of 1.4 trillion dollars

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China presents local debt package of 1.4 trillion dollars

<a href="https://www.world-today-news.com/china-pressures-asean-ahead-of-important-south-china-sea-negotiations/" title="China Pressures ASEAN Ahead of Important South China Sea Negotiations”>Beijing. China on Friday unveiled a 10 trillion yuan ($1.40 trillion) debt package to ease financing strains on local governments and stabilize weakening economic growth, as it faces fresh pressure from Donald Trump’s return to office. White House. The measures mark a shift away … Read more

China extends real estate financing to 4 trillion yuan

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China extends real estate financing to 4 trillion yuan

Beijing. China will expand the “white list” of housing projects eligible for financing and increase bank loans for such projects to 4 trillion yuan ($562 billion) this year, Ni Hong, Minister of Housing and Development, announced Thursday. Urban and Rural Development. Urban renewal of cities will also accelerate, with one million “urban villages” to be … Read more

China unexpectedly leaves its interest rate unchanged

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China unexpectedly leaves its interest rate unchanged

Beijing. China unexpectedly kept benchmark interest rates unchanged at its monthly rate setting on Friday, contrary to market participants’ expectations for a move after the U.S. Federal Reserve cut interest rates by half a percentage point (to a range of 4.75 to 5.00 percent) in the middle of this week. However, market watchers widely believe … Read more

Chinese manufacturing and services fell in July

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Chinese manufacturing and services fell in July

Beijing. China’s manufacturing activity fell to a five-month low in July as factories grappled with falling new orders and low prices, an official survey showed on Wednesday, pointing to a tough second half for the country. The Office for National Statistics’ purchasing managers’ index (PMI) contracted for a third straight month, coming in at 49.4 … Read more

China’s annual CPI rises 0.2% in June

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China’s annual CPI rises 0.2% in June

BeijingChina’s client costs rose for a fifth straight month in June however missed expectations, whereas producer worth deflation endured as authorities assist measures have kick-started an uneven restoration on the earth’s second-largest financial system. Beijing has tried to revive consumption after a faltering restoration following the financial disaster, however considerations stay over extra elementary issues, … Read more

Chinese language industrial manufacturing will increase 6.7% in April

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Chinese language industrial manufacturing will increase 6.7% in April

Beijing. China’s industrial manufacturing grew 6.7 p.c yearly in April, accelerating the 4.5 p.c tempo recorded in March, because the manufacturing sector’s restoration beneficial properties momentum. The official knowledge printed on Friday by the Nationwide Statistics Workplace (ONE) exceeded the 5.5 p.c enhance predicted in a Reuters ballot of analysts. Nevertheless, retail gross sales, an … Read more

Chinese central bank to boost domestic demand

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Chinese central bank to boost domestic demand

Beijing. The People’s Bank of China said Wednesday it will accurately and effectively implement prudent monetary policy, pay more attention to countercyclical adjustments, and strive to expand domestic demand and boost confidence. China’s central bank will support banks to replenish capital and guide financial institutions to increase medium- and long-term lending to the manufacturing industry, … Read more

China’s Economic Woes Cause Global Concern: Unemployment, Real Estate Collapse, and Population Decline Affecting World Economies

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China’s Economic Woes Cause Global Concern: Unemployment, Real Estate Collapse, and Population Decline Affecting World Economies

China’s mounting economic woes are worrying world leaders. Any major problem in the world’s largest economy affects all countries in one way or another. They are the largest producers and consumers of many key commodities. Affects growth Many economists believe that China will face major economic and social problems this year. High unemployment among the … Read more