Beijing’s ongoing deleveraging campaign appears to be proving effective, as China’s debt load as a percentage of gross domestic product declines for the first time in nearly six years.
The Chinese Communist Party and central government have just issued an official document that formally endorses the “spirit of enterprise,” as part of efforts to bolster the country’s business environment and rule of law.
China’s central government says that the growth of the country’s total debt levels is gradually easing as regulators forge ahead with a concerted deleveraging campaign.
The number of Chinese cities imposing restrictions upon property sales is expected by analysts to rise to over 50, as the central and municipal governments strive to stymie speculation-fuelled real estate bubbles.
A new report from a leading Chinese think tank has called for the central bank to give the exchange rate greater latitude of movement.
A top HSBC executive sees Beijing stepping up the pace of its opening of the domestic bond market as offshore capital shows greater interest in Chinese debt investment opportunities.
An American-born veteran of China’s banking sector says that the country’s financial system is fully capable of overcoming the risks and challenges that it currently confronts.
A total of seven provincial capitals across China have stepped up their official controls on local property markets, with six of them introducing sales restrictions as part of efforts to curb short-term speculative investment.
Smaller-sized lenders in China are finding it harder to obtain funds via the money market, as liquidity becomes constrained and regulators step up their scrutiny of the banking sector.
A new report from one of China’s leading university’s says the country needs to turn away as soon as possible from its low-cost approach to economic growth, and do more to foster innovation and high-end industries.