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SHANGHAI: The coronavirus outbreak could trim China's full-year economic growth rate by as much as 1 percentage point in 2020, a senior member of a Chinese government think tank said in comments published on Tuesday.
BEIJING: China will focus on economic stability in 2020, maintaining its proactive fiscal policy and prudent monetary policy to ensure high-quality growth, a statement issued after the annual Central Economic Work Conference said on Thursday.
CHINESE policymakers will likely be more flexible when setting next year's growth target, showing greater tolerance for slower growth in exchange for policy leeway to carry out longer-term reform objectives that are crucial to the country's high-quality development, analysts said on Sunday.
SINGAPORE: Asian governments are starting to do their bit to revive economic growth as central banks gradually pull back on monetary policy easing.
HONG KONG: Shares in Shanghai ended firmer on Tuesday, after having dithered either side of flat, ahead of a key speech by U.S. President Donald Trump at the Economic Club of New York that may offer clues on the likelihood of a trade deal with China.
Yields on German and French bonds reach new lows after her nomination to run the European Central Bank
LOW US inflation that is considered transitory, may provide some relief to Asian markets already alert for any change in the US interest rate stance.
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’s tax cuts next year could exceed the equivalent of 1% of gross domestic product (GDP), a central bank adviser said in remarks published on Monday, in a sign policymakers might be considering another round of tax reductions.
BEIJING: China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.