Free Trial

MNI China Daily Summary: Tuesday, November 12

EXCLUSIVE: China is likely to raise its budget deficit target for 2025 to as high as 3.5% of gross domestic product, and to increase issuance of special government bonds to provide additional stimulus for the economy, advisors told MNI, predicting authorities would announce further measures during the Central Economic Work Conference in December.

EXCLUSIVE: Chinese authorities will provide support in coming years to heavily-indebted local government off-balance-sheet financing vehicles to access more credit and equity funding, and to avoid default, as a CNY10 trillion debt swap programme announced last week excluded the vast bulk of their liabilities, policy advisors told MNI.

Keep reading...Show less
504 words

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.

EXCLUSIVE: China is likely to raise its budget deficit target for 2025 to as high as 3.5% of gross domestic product, and to increase issuance of special government bonds to provide additional stimulus for the economy, advisors told MNI, predicting authorities would announce further measures during the Central Economic Work Conference in December.

EXCLUSIVE: Chinese authorities will provide support in coming years to heavily-indebted local government off-balance-sheet financing vehicles to access more credit and equity funding, and to avoid default, as a CNY10 trillion debt swap programme announced last week excluded the vast bulk of their liabilities, policy advisors told MNI.

Keep reading...Show less