MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI: BAKER HUGHES US RIG COUNT 620; OIL RIGS 508; GAS RIGS 110

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China's Economy Expected To Continue Recovery

MNI (Singapore)

The Chinese economy is expected to recover and grow within a reasonable range following the improvements in August economic indicators, said Fu Linghui, spokesman of the National Bureau of Statistics at a briefing on Friday.

China will continue to promote investment by making good use of policy bank-backed infrastructure funds and tapping into the remaining quota of project-backed local government special bonds, said Fu. He noted that the CNY300 billion funds previously approved for policy banks have supported more than 900 projects with a total investment exceeding CNY3 trillion.

Thanks to accelerated infrastructure construction, the headline figure for fixed asset investment saw the first rebound this year, quickening by 0.1 percentage point to 5.8% y/y in the first eight months, even amid a widening decline in real estate investment, according to Fu. The housing market is still in a downtrend, and it will take time for a recovery in home sales to channel through to property investment, Fu added.

Policy NewsAPACChinaBriefStoryRegion
True
Policy NewsAPACChinaBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.