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Business 17 Apr 2019 | 12:00 AM

OECD: China’s policy stimulus may worsen economic distortions

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.

Economy 09 Mar 2019 | 12:00 AM Premium

Clear vision for the economy needed

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.

Economy 07 Mar 2019 | 6:54 AM

China says higher 2019 budget deficit will spur growth, won't open floodgates

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.

Business 24 Jan 2019 | 12:00 AM

China stepping up fiscal spending this year to support economy

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.