A more active fiscal policy will be necessary to buffer China’s slowing economy and any fallout from a trade war in the coming year, according to economists surveyed by Bloomberg. The budget deficit, the difference between government spending and revenue, will likely stretch to between 2.6 and 3 percent of GDP next year, up from […]
Category: Brief
PUBLIC VS. PRIVATE
Over $57.8 billion worth of new contracts were inked during the six-day China International Import Expo, according to state media, during which the country rebranded itself as the ‘world’s importer’ and a bastion of free trade. High-end intelligent equipment made up a large portion of the deals at $16.5 billion worth. A further $12 billion […]
The e-commerce powerhouse took in over $30.8 billion during the day, shattering last year’s record holder in both yuan and dollar terms. The 11th of November, or “Singles Day” as it is commonly known, sees millions of Chinese consumers place large online orders at heavy discounts across Alibaba’s various e-commerce platforms. At just half 5:30 […]
Sales fell for the fourth straight month in October, according to a state industry body, bringing the world’s largest auto market on the brink of a landmark annual decline, the Wall Street Journal reports. Chinese bought 12% fewer vehicles last month compared with a year earlier, with total units dropping to 2.38 million, the Beijing-backed […]