local governments

New Business

China should step up borrowing to boost domestic demand, economist says

China’s central government should borrow more to lift domestic demand through supportive monetary and fiscal policy, a Chinese economist has…

Read More »
New Business

China’s local governments urgently need cash. Can the 5-year plan find it?

As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set…

Read More »
New Business

China’s finance minister vows fiscal support to spur demand, curb local government debt

China’s finance minister has pledged to step up the use of fiscal tools to spur domestic demand and tackle local…

Read More »
New Business

China unveils new oversight guidelines seen as a strategic ‘anti-involution effort’

China’s top economic planner has unveiled new draft guidelines aimed at tightening oversight of government-backed investment funds, urging a sharper…

Read More »
New Business

Is China’s massive trade-in programme running out of steam?

For months, consumers across China buying everything from iPhones to cars and washing machines have enjoyed steep discounts – courtesy…

Read More »
New Business

My Take | Could China ever learn to live with GDP growth of less than 5 per cent?

The way the central government sets and then struggles to meet annual growth targets in recent years has been a…

Read More »
New Business

Opinion | More of China’s spending power needs to be unleashed. Here’s how

There are signs that the Chinese economy has been improving, owing to the government’s September 2024 stimulus package. Year-on-year gross…

Read More »
New Business

Wasteful investments drain China’s economy, undermine government credibility: state media

Inefficient investments continue to be a drain on the economy, and debt-laden local governments need to ensure that the projects…

Read More »
New Business

China state-backed developers give back land they acquired when property market was hot

From Vanke to China Resources Land, a number of state-backed developers on the mainland have unloaded land that they accumulated…

Read More »
New Business

China’s local governments urged to rethink approach to infrastructure investment

China must address a rising problem of overinvestment in large but inefficient projects that is more rooted in habitual practice…

Read More »
Back to top button