The Chinese government is struggling to meet its annual fiscal targets, finance minister Lou Jiwei warned Wednesday. The central treasury received 2.968 trillion yuan (about 446.4 billion U.S. dollars) from January to May, a year-on-year ...
Tags: fiscal targets
The Chinese government's leading think-tank has released a new study downplaying concerns about the level of debt being held by local governments, suggesting that more spending needs to take place to cope with social issues. On the heels ...
Tags: People's Livelihoods
Chinese legislators on Thursday urged intensified efforts to keep local government debt under control, warning against potential default in the future. Legislators made the comments when attending a panel discussion of the ongoing ...
Tags: Local Gov't Debt
The 9th Annual Meeting of the New Champions, a World Economic Forum conference hosted each year in China. It has come to be known as the “Summer Davos,” opened on Wednesday in the city of Dalian. It has become customary for the ...
A profitable high-speed rail (HSR) service between Melbourne, Sydney and Brisbane could be built for $30 billion – less than third of previous cost estimates – according to a new book. The rail would need little or no direct ...
Tags: high-speed rail, rail
Chinese stocks and economic growth have long had little to do with each other. Between 2010 and early 2014, when China boasted the world's fastest-growing economy, its stockmarket was consistently among the world's worst performers. Since ...
Tags: Stockmarket, Economy
Australia has dropped another place in world competitiveness rankings, falling further in economic performance and government efficiency rankings, raising concerns about our competitiveness as a smart economy. In releasing the Australian ...
China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity ...
More steps necessary to reverse trend, says government think tank China may need more time to reverse the current economic downturn than previously expected, and further measures are necessary to prevent an accelerated cooling, a leading ...
Tags: economic downturn, China economy
State Council decides to allow up to 300 billion yuan to be invested from social security fund China is to allow up to 300 billion yuan (nearly $48 billion) from the nation's social security fund to be invested in local government bonds ...
China will stabilize its property market this year, with tailored, market-based policies to guide "stable and healthy development," according to the government work report delivered by Premier Li Keqiang Thursday.[Special coverage] ...
Economists are calling for more proactive fiscal policies to counter the deepening slowdown in growth, as China's annual Central Economic Work Conference is set to start on Tuesday. The meeting, usually held in early December, sets the ...
China's economic growth will moderate further in the next two years as domestic demand is weakened by the property downturn, UBS has forecast. "We forecast China's GDP growth to slow to 6.8 percent in 2015 and 6.5 percent in 2016. This ...
Tags: economic growth, domestic demand
The high level of government savings deposits could prove detrimental to long-term economic growth, even as concerns mount over ballooning local government debt in China, a report said on Wednesday. Total bank deposits held by government ...
Recent soft economic data including falling property prices have many investors worried about a growth slowdown in China, but Platinum Asset Management sees plenty of investment opportunities. The funds manager said in a note to investors ...
Tags: China Economy