In late December, China’s President Xi Jinping invited retired members of the previous (19th) CPC Central Committee Political Bureau to attend a symposium and personally listened to each participant’s suggestions
Due to time constraints, we are unable to draft a more analytical follow up to our previous China report (SGH 11/25/24; “China: 5% Target Despite Trump Tariffs”), but here are
Officials in Beijing are encouraged by major economic data for October which showed that since the central government introduced a package of targeted incremental fiscal policy measures in late September,
China’s Premier Li Qiang formally submitted his highly anticipated proposal for a new round of fiscal stimulus to the Politburo on Friday. President Xi Jinping will chair a meeting of
The meeting of China’s NPC (National People’s Congress) Standing Committee, which was originally scheduled to be held this week to approve China’s new round of fiscal stimulus and issuance of new bonds,
At his highly anticipated press conference this Saturday, October 12, China’s Finance Minister Lan Foan could not disclose specific numbers for a new round of proposed fiscal stimulus, which still have to
At the Politburo meeting that was held on Thursday, September 26, before China’s National Day/Golden Week holidays, President Xi Jinping and the Politburo approved the outlines of an economic stimulus
On Tuesday, October 1 (China’s National Day), Beijing’s top diplomat Wang Yi received a phone call from Ali-Akbar Ahmadian, Secretary of Iran’s Supreme National Security Council, in which Ahmadian informed
Overnight Reuters, naming anonymous sources, reported that China plans to issue 2 trillion yuan of special sovereign bonds, one trillion of which would be to stimulate consumption, and the other
The rate cuts and broader stimulus measures announced by the People’s Bank of China Governor Pan Gongsheng yesterday were deeper, more comprehensive, and rolled out earlier than many analysts and
Since it last cut rates in July, financial markets have been anticipating further rate cuts from the People’s Bank of China (PBoC) to address China’s slump in consumer confidence and
The focus of the fifth plenary session of China’s State Council chaired by Premier Li Qiang on Friday, August 16 local time, was to send a strong signal to stabilize
July 26, 2024 At the Third Plenary Session of the 20th CPC Central Committee, China’s President Xi Jinping spoke at length about preparing for a possible return of Trump to the
China’s Central Financial and Economic Affairs Commission (CFEAC) will hold six meetings from late July through the end of August to formulate guidelines for China’s macroeconomic work for H2 2024.
China’s National Bureau of Statistics (NBS ) will hold a press conference to present the country’s regularly scheduled July and Q2 data releases and economic performance over the first half
Beijing has been paying closer attention than usual to this weekend’s European Parliament elections, with a wary eye on an imminent European Union announcement on planned tariffs on Chinese electric
China’s economic planners are pleased with the rebound, or consolidation, in activity in Q1 of 2024, and are confident that Q1 year-on-year GDP will stay above 5.0%, which is of
Two senior officials in Beijing commented on background on the Chinese government’s fiscal and tech policy initiatives, respectively. We have summarized their comments below. As may be expected, the comments
Following five months of a vicious bear market, Chinese shares rebounded sharply this week on reports that President Xi Jinping was to personally meet with officials at the regulatory watchdog
In order “to ensure high-quality economic growth of around 5.0%” this year, Premier Li Qiang and four vice-premiers inspected 17 provinces and held hundreds of symposiums after the Central Economic