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China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.
China's finance minister says there is room for more economic stimulus but offers no plan
China's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday
Follow China’s Finance Ministry Briefing on Stimulus: Live Blog
Other policy support to watch include: Whether there will be a shift in government spending toward stimulating consumers and families from the traditional mainstay of infrastructure investment Any help for the troubled housing market, such as expansion in a program that allows local governments to buy unsold homes
China’s finance minister says there is room for more economic stimulus but offers few details
China’s finance minister on Saturday said the country will “significantly increase” debt issuance to counter slow economic growth, stabilize the property market, top up the capital of state banks, and offer help to poorer people.
China’s bold move to stimulate economy? Takeaways from Finance Ministry’s press conference
Finance Minister Lan Foan said Beijing will help local governments with their debt, give subsidies to low-income individuals, support the property market, and replenish state banks’ capital.
Can China's Latest Stimulus Measures Fix Its Economy?
China’s economic growth target of 5% this year is looking ambitious, given sluggish consumer spending, an uncertain outlook for the country’s exports and a still shaky property market. Beijing responded in late September with a package of stimulus measures that prompted a historic stock rally.
1h
UK finance minister Reeves looks to raise 40 billion pounds to fill 'big gap' in budget
British finance minister Rachel Reeves is eyeing tax rises and spending cuts to a value of around 40 billion pounds ($52 ...
BusinessGhana
1d
Finance Minister welcomes Moody’s upgrades
The Minister of Finance, Dr Mohammed Amin Adam, has welcomed the positive ratings assigned Ghana’s economy by Moody’s, a ...
4d
on MSN
Chinese finance minister set to deliver highly anticipated briefing on stimulus
China’s Minister of Finance Lan Fo’an spoke Saturday during a highly anticipated press conference on measures to support the ...
19h
Irish finance minister favours retaining budget spending rule
Ireland's finance minister said on Wednesday he would favour the next government retaining a budget rule that would cap ...
51m
on MSN
Ministers' group discusses merger of GST compensation cess into taxes
The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on Wednesday ...
The Jakarta Post
10h
Businesses hope for Sri Mulyani’s return as finance minister
After a meeting with the president-elect in Jakarta on Monday, Sri Mulyani said Prabowo had asked her to serve as finance minister again.
19h
on MSN
France considering stake in Sanofi's Opella, minister says
France is considering taking a stake in Sanofi's Opella arm, said finance minister Antoine Armand, to allay concerns that the ...
The Diplomat
1d
Prabowo to Reappoint Sri Mulyani as Indonesia’s Finance Minister
The former World Bank director will become the first person to hold the finance portfolio under three presidential ...
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