CEWC

China loosens purse strings to boost demand as central economic work conference ends

by
China loosens purse strings to boost demand as central economic work conference ends

China’s leaders pledged on Thursday to open the country’s coffers wider and provide a much-needed jolt to domestic demand in a statement issued after this year’s central economic work conference. This would be accomplished, they said, by raising the fiscal deficit ratio and increasing the issuance of treasury bonds in the coming year. The world’s … Read more

Why is China mixing its economic messages when business confidence is so low?

by
Why is China mixing its economic messages when business confidence is so low?

The move immediately raised fears of the sorts of industrial clampdowns the market has seen in other sectors, triggering a global sell-off in China’s tech stocks and wiping out billions of dollars of value. The regulator then sacked Feng Shixin, a long-serving official and publication bureau chief at the NPPA, sources told the South China … Read more