China’s cabinet said it will promote consumption recovery, boost imports to drive economy
A statement from China’s State Council over the weekend reported via state broadcaster CCTV. In brief: Statement came after a meeting chaired by Premier Li Keqiang said it would promote a consumption recovery as the major driver of the economy would boost imports to quicken the rollout of foreign investment projects to maintain a stable […]
More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]
China’s GDP growth rate well shy of the official target in 2022
On Tuesday morning, the Shanghai Composite Index and Hong Kong’s Hang Seng fell as data published by the Chinese National Bureau of Statistics showed that the country’s Gross Domestic Product (GDP) grew by 3% in 2022, recording one of the slowest growth rates in the last decades. Commenting on China’s GDP growth, Goldman Sachs analysts […]
Dollar slips lower; Fed interest rate path, China’s reopening in focus By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, as traders reassessed the path of U.S. rate hikes in the wake of last week’s jobs report while risk appetite benefited from China reopening its borders. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
More on China’s priority for the recovery and expansion of domestic consumption
I’ve been posting on stimulus efforts coming out of China, most recently these: PBOC wants to boost domestic demand, expand consumption And, yesterday these: 1. policy support for the economy: 2. A potential bounce out of COVID: 3. Seasonal demand: 4. More property market support (some sources are reporting this as “China is reportedly mulling […]