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%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: BDliveSA - 🏆 12. / 63 Read more »

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.
Source: dailymaverick - 🏆 3. / 84 Read more »

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
Source: BDliveSA - 🏆 12. / 63 Read more »

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
Source: dailymaverick - 🏆 3. / 84 Read more »