The country has moved on from a construction and property-driven model, according to Zhang Yansheng.
China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.
14 Nov 2024 - 3:46PM videocam
Deregulation and ‘people-centred urbanisation’ that fills public service gaps can spur consumption, Hong Kong forum told.
13 Nov 2024 - 6:44PM videocam
Positive spin by party mouthpiece, while shying away from ‘chasing rapid growth’, comes as questions linger over China’s stimulus measures.
12 Nov 2024 - 9:01AM videocam
Risk of financial sanctions prompts Beijing to rethink where it parks its massive foreign exchange reserves.
11 Nov 2024 - 9:14AM videocam
Rising sales in big cities seen as a positive sign, but falling prices remain a concern.
8 Nov 2024 - 2:00PM videocam
Government researchers have recommended several steps China should take to prepare for potential sanctions, using Russia as case study.
7 Nov 2024 - 4:33PM videocam
As China’s stimulus begins to show a stabilising effect, academics say structural changes needed to buoy demand and counter Trump policies.
7 Nov 2024 - 9:12AM videocam
China’s top legislative body is meeting this week in Beijing, at the same time as Tuesday’s US presidential election.
5 Nov 2024 - 11:46AM videocam
Focus of meeting expected to be on risk prevention and economic stabilisation rather than directly boosting demand.
4 Nov 2024 - 5:41PM videocam
As China’s top legislative body prepares to convene, we look at the likelihood of a fiscal stimulus and the process needed to approve it.
4 Nov 2024 - 4:22PM videocam
Consistency of bond purchase, kept at the same level as previous month, seen as key gauge of China’s monetary and fiscal policy coordination.
Central bank policy adviser Wang Yiming says China has a funding gap of around 1.5 trillion yuan (US$210 billion).
Ex-officials and scholars have suggested China should further cut personal income tax as part of its stimulus package.
29 Oct 2024 - 10:35AM videocam
China’s top legislature meeting provides a window for potential fiscal stimulus announcement; current agenda includes discussion of financial work and review of law revisions.
25 Oct 2024 - 7:13PM videocam
President, premier and central bank chief among those dispensing clues to the next developments in China’s economic stimulus.
21 Oct 2024 - 10:02AM videocam
Investors and international exporters are holding off on new investments despite Beijing’s slew of stimulus measures.
China’s housing ministry unveiled its plan to support the country’s property sector, with an expansion of funding to 4 trillion yuan.
Housing minister held a briefing along with officials from the central bank, Ministry of Finance and National Financial Regulatory Administration.
Analysts expect inflows into Chinese assets to persist as Beijing continues to implement easing measures.
4 Oct 2024 - 5:21PM videocam
After last week’s stimulus policies – and subsequent market frenzy – China’s premier has reiterated time is of the essence for fast recovery.
2 Oct 2024 - 9:06AM videocam
A double-digit percentage drop last month pulled down China’s industrial profit growth to just 0.5 per cent in the first eight months of the year.
2 Oct 2024 - 9:05AM videocam
The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.
Speculation is rife on what a US$14 billion treasury bond buy means for China’s money-supply mechanism, and whether the rare move equates to quantitative easing.
23 Sep 2024 - 9:00AM videocam
Ultra-long-term special bonds to fund stimulus among solutions from ex-government adviser as China battles weak demand and property slump.
21 Sep 2024 - 9:08PM videocam
Beijing moves to upgrade Silver Age Action initiative for elderly to help in community as top legislature moves to raise retirement ages.
21 Sep 2024 - 7:33PM videocam
China’s jobless rate for the 16 to 24 age group, excluding students, rose to to 18.8 per cent in August.
China’s five-year loan prime rate remained unchanged even after the US Federal Reserve kicked off its rate-cutting cycle.
US Federal Reserve officially kicked off a rate-cutting cycle by announcing a half a percentage point rate cut on Wednesday.
China discovers 4.96 million tonnes of rare earth elements, which are crucial to tech development, in one of its poorest regions.