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
Major foreign investors in China have seen a tentative uptick in consumer spending, easier access to capital and an opening for deeper change after China’s wave of economic stimulus over the past month, overseas business organisations said. Some American retailers found Chinese customers spent more, while they also anticipated that it would be easier to … Read more
China’s leaders are again seeking to rally risk-averse cadres to the cause of decisive economic action by stressing the need to “get things done” and its tolerance of mistakes in a policy known as the “three exempts”. The Politburo, the ruling Communist Party’s inner circle, signalled the renewed political commitment in a statement after a … Read more
