News Formal

China's Finance Minister Says Government Has Room to Increase Debt, Deficit

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 72%

Business Nouvelles

China,Economy,Fiscal Stimulus

China's Finance Minister Lan Fo'an stated on Saturday that the government has the capacity to increase its debt and deficit to support the economy. While no specific figures were announced, he mentioned four policies nearing a decision stage, focusing on state-owned banks, youth employment, local government debt risks, and real estate stabilization.

China's Minister of Finance Lan Fo'an is holding a press conference on measures to support the economy.

Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan to more than 10 trillion yuan. He said such policies were still under discussion. Four policies that have reached a decision-making stage covered major state-owned banks and youth employment, as well as support for local governments to address debt risks and stabilize real estate, Lan said.

Ting Lu, chief China economist at Nomura, had cautioned in a note Thursday that any such stimulus that could come during the briefing on Saturday would typically need approval by China's parliament, expected to hold a meeting later this month. He added that how any funds are used is just as important as the amount that's delivered — whether they only go to shoring up

 

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:

 /  🏆 12. 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.

China's Former Minister of Finance Calls Crypto a 'Crucial Aspect' of Digital EconomyThe former minister called on Beijing to study the industry in light of Republican candidate Donald Trump's comments on crypto.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Japan will continue to assess economic impact of stronger yen, finance minister saysJapan will continue to assess economic impact of stronger yen, finance minister says
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Japan finance minister says Seven & i's new 'core' tag doesn't raise bar for buyoutJapan finance minister says Seven & i's new 'core' tag doesn't raise bar for buyout
La source: Investingcom - 🏆 450. / 53 Lire la suite »

No return to austerity, says UK finance minister Rachel ReevesUK Finance Minister Rachel Reeves will pledge no return to austerity policies despite warnings of tough budget decisions aimed at fixing the economy. Reeves will emphasize stability as crucial for investment and future planning.
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Germany's economic model is not broken, finance minister saysGermany's economic model is not broken, finance minister says
La source: Investingcom - 🏆 450. / 53 Lire la suite »