Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures. Should reserve and launch a number of incremental policy measures ASAP. Domestic effective demand remains insufficient. Saw many risks and hidden dangers in key areas. It is necessary to strengthen counter-cyclical adjustments, a...
Ratings agency Fitch no longer expects China to cut its policy rate this year, instead delaying such a reduction to next year as the U.S. Federal Reserve keeps its interest rates high. Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year. In March, the ratings agency had forecast one cut for 2024. “There are a coupl...
Due to tight local government finances and the need to manage debt risks, the central government might increase leverage in 2024, potentially pushing the fiscal deficit ratio beyond 3%. 7) Real Estate Projection: Anticipated transition in property sales from a bottom-finding phase to stabilization in 2024, with a potential slight recovery in Q4, yielding an annual growth rate of about -5%. Notably, the "Golden March" and "Silver April" months traditionally witness increase...
Trade2Swing
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I just wonder, when would the Real Estate issue would be resolve and do you think the Real Estate issue the biggest barrier for China to soar higher in the market? Is China still in the deflation state?
1. China's CSI 300 Index to Include More Tech Firms China's CSI 300 Index, akin to the S&P 500, is set to include more technology-related companies in its bi-annual review. This move reflects China's evolving economy driven by technological advancements. Chip industry leaders like Cambricon Technologies, Empyrean Technology, and Hygon Information Technology will be added, aiming to balance the index, currently skewed towards fina...
China saw outflows from both the current account and capital account in September, official data showed. Contributing factors included a service deficit linked with outbound travel, a slump in direct investment and extended securities-related outflows. Overseas funds cut their holdings of Chinese sovereign bonds by 13.5 billion yuan in September, according to data released by China Central Depository & Clearing on Friday. Their total holding of the debt dropped to 2.07 trillion yu...
Capital is exiting China at the fastest pace in more than seven years, piling extra pressure on the yuan. The exodus has intensified in recent weeks as the nation’s teetering real estate industry casts a shadow over the world’s second-largest economy even after third-quarter growth surpassed economists’ expectations. China’s currency regulator – the State Administration of Foreign Exchange – said on Friday (Oct 20) that onshore banks s...
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