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BEIJING: China’s factory production plunged at the sharpest pace in three decades in the first two months of the year as the fast-spreading coronavirus and strict containment severely disrupted the world’s second largest economy.
BEIJING: China's central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the second time this year, releasing 550 billion yuan ($78.82 billion) to shore up the economy, which was sharply jolted by the coronavirus outbreak.
The new Prime Minister needs to move fast to spur growth and lay the foundation for a better tomorrow
BEIJING: China can use reserve requirements and interest rates to support economic growth, Premier Li Keqiang said on Friday, promising efforts to prevent a sharper deceleration as the world's second-biggest economy expands at its slowest pace in almost three decades.
BEIJING: China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.
MOST Southeast Asian stock markets rose on Monday with Thailand leading the gains, as investors hoped for more stimulus from China after disappointing growth, amid optimism about Washington and Beijing progressing with trade talks.
BEIJING: China is expected to report today that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.
MALAYSIA had its moment for the history books on May 9, 2018 when we saw the unprecedented black swan event after the coalition that makes up Pakatan Harapan swept to power.
BEIJING: China’s fiscal policy remains supportive for economic growth this year despite a rare cut in the government’s budget deficit target, Finance Minister Xiao Jie (pic) said yesterday, as markets worry over whether Beijing is considering scaling back stimulus.
BEIJING: China will keep its target for economic growth at “around 6.5%” in 2018, unchanged from last year, policy sources told Reuters, as it seeks to balance efforts to reduce debt risks while keeping the world’s second-largest economy stable.