Chinese state media said the country has room to increase its borrowing and fiscal deficit in 2025 as investors closely watch to see whether Beijing would use its fiscal firepower to top off stimulus in its key economic meeting next week.
China is ending its export tax rebate policy for aluminum and copper, while lowering it for some refined oil and battery products as overcapacity concerns have grown among global trading partners.
China’s central bank chief pledged to maintain an accommodative monetary policy stance and to double down on countercyclical adjustments to support the country’s economic growth.
China has lodged a complaint with the World Trade Organization over the European Union’s final tariffs on Chinese electric vehicle imports, escalating a dispute that’s straining an already fraught relationship.
Chinese Premier Li Qiang urged Japanese Prime Minister Shigeru Ishiba to keep bilateral relations “sound, steady” amid tensions, and for their countries to maintain the stability of global supply chains and free trade.
Guotai Junan Securities Co. and Haitong Securities Co. unveiled the terms of their proposed merger to create a state-backed brokerage with $226 billion in assets to compete with Wall Street firms expanding in the country.
China’s securities regulator called for the quick development of equity and insurance funds, and to strengthen the quality of listed companies to attract more funding into the capital market.
China’s cabinet has called for strengthening the country’s job market by resolving structural issues and promoting wage growth in an effort to boost employment as an economic slowdown deepens.
China’s youth unemployment rate rose for the second straight month to its highest level this year as the labor market faces a challenging outlook due to a weakening economy.
Chinese President Xi Jinping called on government officials at all levels to achieve the country’s annual growth target of around 5%, but couched it in less forceful terms than usual.