The value of China’s exports grew by 2.4 per cent last month, way short of the 8.7 per cent growth experienced in August.
failed to give anything but the broadest outline of how the country’s much-anticipated big fiscal stimulus package might be delivered.Boosting consumption is seen as vital for China to avoid falling into a deflationary spiral.Markets have been on a violent rollercoaster.
‘The central government, when it comes to increasing the deficit and increasing debt, we have significant room.’Large state-owned banks, thought to have incurred substantial losses from their exposure to property developers and households’ property investments and experiencing a squeeze on their net interest margins because the central bank has lowered lending rates, would be recapitalised.
Factory-gate prices fell 2.8 per cent in September, year-on-year, accelerating from the 1.8 per cent decline in August. Producer prices have now been falling steadily for two years, with last month’s fall the biggest of the past six months. “The central government, when it comes to increasing the deficit and increasing debt, we have significant room.”The consensus among external economists seems to be that Beijing will unveil stimulus of about 2 trillion yuan , which should be enough to stabilise the economy and perhaps enable it to achieve its targeted growth of “around 5 per cent” for this year, but probably not much beyond that.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's unemployment rate remains steady in August at 4.2 per centAustralia's unemployment rate remained at 4.2 per cent in August, as employment grew by 47,500 people.
Read more »
Unemployment steady at 4.2 per cent as August delivers good jobs growth7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Monthly inflation falls to 2.7 per cent in AugustMonthly inflation has fallen to its lowest in Australia since 2021 to 2.7 per cent in August.
Read more »
Unseasonably warm weather boosts retail spending in AugustFigures released by the Australian Bureau of Statistics found monthly turnover for the retail industry increased by 0.7 per cent.
Read more »
Retail spending rises in August as warmer weather drives consumer behaviour, ABS says7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Ukrainian reporter died in Russian detention, Kyiv saysVictoria Roshchyna disappeared in August last year after travelling to Russian-held east Ukraine for a report
Read more »