China Rolls Out New Measures to Bolster Its Property Sector and Economy – WTOP News
Authorities said they will add practical support, including more relending and unused bond quota, as economists warned growth is unlikely to reach the 4.5% target.
10 Articles
10 Articles
China rolls out new measures to bolster its property sector and economy – WTOP News
BEIJING (AP) — China on Tuesday rolled out new measures to help boost its economy and sluggish property sector as pressures ramp up ahead of a year-end target for hitting the government’s economic growth goal. The measures, some of the bigger moves made this year by Chinese officials, include encouraging targeted bank lending and new...
Chinese Prime Minister Li Chang announced that he will increase the intensity of economic stimulus by mobilizing fiscal and monetary policies ahead of the beginning of the fourth quarter. Exports and advanced manufacturing are supporting growth, but in the midst of deepening imbalances where consumption, investment, and real estate do not survive, they are defending the economy to achieve annual goals.
The Chinese government is preparing to deploy new support policies against the slowdown in economic growth. The Beijing administration is considering additional measures to stabilize the real estate market and strengthen domestic demand. The new steps are intended to limit pressure on the growth target.
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