Business Maverick: China adds 1 trillion yuan more of stimulus to rescue growth

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 84%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The Asian super power has stepped up its economic stimulus with a further 1 trillion yuan (R2.466-trillion) of funding largely focused on infrastructure spending, support that likely won’t go far enough to counter the damage from repeated Covid lockdown...

Economists were relatively downbeat on the measures, while financial markets were muted. Yield on 10-year government bonds rose 1 basis point to 2.64% in early Thursday trading. China’s CSI 300 Index rose as much as 0.6% in morning trading before paring gains to trade up 0.1%.

The meeting sent a signal: “Don’t expect massive additional stimulus,” according to Bruce Pang, head of research and chief economist for Greater China at Jones Lang LaSalle. He added that the language used in the announcement suggested “the possibility of adopting extraordinary tools such as special sovereign bonds or increasing the official budget deficit has decreased.”

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asian stocks fall again as Europe’s gas woes biteEnergy prices stoke fears of recession and push bond yields higher A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Andrew_01cassen
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Business Maverick: Asian stock gauge drops amid rise in yields, crude: markets wrapStocks retreated in Asia on Tuesday amid worries about Federal Reserve monetary tightening that have also boosted bond yields. Oil topped $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut output.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Asian stocks slip, dollar strengthens on Fed’s hawkish stanceMSCI’s index of Asian shares outside Japan fell 0.2%, on track for the index’s eight successive daily drop
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Business Maverick: Stocks dip, dollar rises as Fed path stirs caution: markets wrapAn Asian stock index dipped and the dollar climbed on Wednesday as investors assessed the likely pace of Federal Reserve monetary tightening and mounting signs of an economic slowdown. Amazing personality with great leadership qualities Lauren Flores I believe her...hands and success followed. Initially I deposited $4,000 and in couple of days I got my profit she credibility can't be overlooked. Thank you Lauren_Flores_1
La source: dailymaverick - 🏆 3. / 84 Lire la suite »