economic targets

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

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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 did China’s police chief make a rare foray into economic policy?

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Why did China’s police chief make a rare foray into economic policy?

China’s top police officer has made a rare comment on economic matters with a call for better risk management and stability. The state media reports of Wang Xiaohong’s comments highlighted that he was speaking in his capacity as a senior member of the Communist Party and as a state councillor, rather than as public security … Read more