Beijing says that government debt risk still lies within “controllable” limits, while also resolving to dissipate accumulated local government financial risk and control growth in “covert” credit.
The chief editor of one of China’s leading financial news publications says that the implementation of reforms to the urban rental market will serve as a key factor in determining the fate of the fraught Chinese housing sector, and even the country’s long-run economic performance.
China’s Ministry of Commerce is touting its success in curbing “irrational” outbound foreign investment in the first half of 2017.
China’s official Purchasing Managers’ Index (PMI) is 51.4% for the month of July, for a 0.3 percentage point decline compared to the preceding month.
Chinese fixed-asset and private investment levels appear on track to post robust growth for the first half of 2017.
The former vice-chairwoman of the 10th Standing Committee of China’s National People’s Congress said one of the byproducts of the breakneck growth of the country’s financial sector in recent years has been an over-financialisation of the Chinese economy.
The Chinese central bank has made net injections of 280 billion yuan this week via open market operations, after expanding liquidity by 510 billion yuan the preceding week.
Europe is drawing more foreign direct investment from China than the United States due to political sensitivities and security concerns.
Citibank has forecast full year GDP growth of 6.8% for China in 2017, with investment and consumption serving as key drivers of the economy in the second half.
One of the Chinese government’s senior-most financial authorities has warned against reversing the ongoing deleveraging efforts of regulators just for the purpose of propping up economic growth.