China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges

China's Ministry of Finance's weekend press briefing underscored how it is focused on addressing local government debt, even though some investors were anticipating fiscal stimulus.

"The press conference is consistent with our view that addressing local government financing struggles is a priority," Robin Xing, chief China economist at Morgan Stanley, and his team said in a report Sunday. They also expect that the central government will play a larger role in debt restructuring and housing market stabilization.

"Whether it's 2 trillion or 10 trillion, for us, it actually doesn't make so much of a difference," Vikas Pershad, fund manager at M&G Investments, said Monday on CNBC's"but he said Monday that the latest flurry of activity from the region hasn't made him any more active in the sector.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

China’s Finance Ministry set to announce CNY2 trillion fiscal stimulus package on Oct 12Reuters reported on Wednesday that China’s Finance Ministry is set to roll out a 2 trillion Yuan fiscal stimulus package on October 12.
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Instant view: Investor reactions to briefing from China's finance ministry on stimulusInstant view: Investor reactions to briefing from China's finance ministry on stimulus
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

CSI 300 leads Asia markets higher after China finance ministry weekend briefing hints at more stimulusChina’s deflation pressures deepened in September with consumer prices rising at their slowest pace in three months at 0.4% from a year earlier.
Herkunft: NBCNewYork - 🏆 270. / 63 Weiterlesen »