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BEIJING (Reuters): China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said.
LONDON: European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around “hidden” debt.
SHANGHAI: China’s financial regulator said it will implement a series of measures to shore up the nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing and property speculation.
BEIJING: China’s financial regulator said it will implement a series of measures to shore up the nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing and property speculation.
PETALING JAYA: The prospects for companies involved in the construction industry appear to be unexciting as the country steps into 2020.
KUALA LUMPUR: The Finance Ministry says Malaysia’s direct debt rose from 50.1% of gross domestic product (GDP) in 2017 to 51.2% last year to directly fund the fiscal deficit, without the Government resorting to off-balance sheet financing to cover up dubious debts as practised by the previous administration.
BEIJING: China’s stimulus measures will shore up economic growth this year and next but may undermine the country’s drive to control debt and worsen structural distortions over the medium term, according to an Organisation for Economic Co-operation and Development (OECD) report.
IN less than two months, the Pakatan Harapan government will complete its first year in office. But it may not have that much time to celebrate.
BEIJING: China's decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for policymakers to manoeuvre, Finance Minister Liu Kun said on Thursday.
BEIJING: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said.