Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy...
BEIJING - Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy adviser s say, with a sharper focus on boosting demand to fight persistent deflationary pressure s.
"We need to strengthen fiscal policy, which is more effective at addressing deflation, while adjusting monetary policy further to keep it accommodative," a policy adviser said on condition of anonymity. While policymakers may count on a combination of fiscal stimulus and monetary easing to spur growth, a key meeting of the ruling Communist Party in July reaffirmed a stronger focus on the supply side. That suggests forceful measures to tackle weak consumer demand and deepening deflation risks are unlikely in the near term.
Morgan Stanley analysts predict China will use fiscal expansion to increase spending on social security, such as healthcare, education, and public housing, which would help reduce precautionary savings and boost consumption. China's GDP deflator, the broadest measure of prices across goods and services, has fallen for five consecutive quarters — the longest deflationary streak since 1999.
A former CIA officer who drugged and sexually abused multiple women while he photographed and recorded a number of them unconscious was sentenced to 30 years in federal prison Wednesday.A press release from the U.S. Attorney’s Office, District of Columbia, hailed the U.S.
Policy Adviser China China Policy Advisers President Xi Jinping Deflationary Pressure Fiscal Policy Consumer Demand Monetary Policy China Association Target
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Sheehan Show: 2024 PFL Playoffs AnalysisWith the 2024 Professional Fighters League season in the books, pending only the star-studded finale, Sean takes a look at the playoffs.
Read more »
The Sheehan Show: 2024 PFL Playoffs AnalysisWith the 2024 Professional Fighters League season in the books, pending only the star-studded finale, Sean takes a look at the playoffs.
Read more »
What this former Para athlete hopes to see from the Paris Paralympics coverageParis 2024 Paralympics - Opening Ceremony - Paris, France - August 28, 2024 Performers during the opening ceremony.
Read more »
UC Davis vs California 2024 Game Live College Football In (Aug 31, 2024)The first full week of the 2024 college football season is up and running and it has brought an immediate showdown between the giants in the US LBM Coaches Poll. 🔴 GO LIVE==►► CLICK HERE TO WATCH LIVE https://cutt.
Read more »
China's home price outlook for 2024, 2025 worsens: Reuters pollChina's home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle ...
Read more »
Amazon plans $5 billion of small-ticket exports from India in 2024 in shift from ChinaAmazon Inc plans to export about $5 billion of small-ticket items from India this year, up from nearly $3 billion in 2023, supplying markets such as the...
Read more »