china gdp

China to ramp up policy steps to revive economy

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China to ramp up policy steps to revive economy

BEIJING: Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world’s second-largest economy slowed broadly in August, fuelling expectations for more stimulus. … Read more

As it reins in wasteful investment, China frets over growth

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As it reins in wasteful investment, China frets over growth

BEIJING/HONG KONG: China’s local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure investment, fuelling talk that such funds could be used in other areas to stimulate growth back towards target. Investment at a municipal level has for years been one of the most efficient tools to stabilise … Read more