MNI BRIEF: PBOC Mulls New Tools Targeting Consumption

MNI BRIEF: China House Prices Up In February

MNI BRIEF: China Data Shows Good Foundation Despite Issues

MNI BRIEF: China's Retail Sales Quicken To 4-Month High

MNI: China CFETS Yuan Index Down 0.24% In Week of Mar 17

MNI: PBOC Net Drains CNY2.5 Bln via OMO Monday

CHINA JAN-FEB INDUSTRIAL OUTPUT +5.9% Y/Y VS MEDIAN +5.3% Y/Y: NBS

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Press Digest Mar 17: Consumption, Homes, Investment

MNI picks key stories from today's China press.
Central Bank NewsPolicy NewsPBOCAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaGlobalStoryRegion

MNI (BEIJING) - Highlights from Chinese press reports on Monday:

  • Authorities will promote income growth by boosting residents’ revenues from the capital market while taking multiple measures to stabilise the stock market, according to a special action plan to boost consumption released by the State Council. Beijing will also prioritise increasing the income of middle- and low-income groups due to their higher spending propensity, as an additional CNY1 trillion fund allocated to this group is expected to drive trillions of consumer spending and about one percentage point in GDP growth, said Liu Shijin, former deputy director of the Development Research Center of the State Council. (Source: Securities Times)
  • China will raise its standard for housing construction to meet buyers’ upgrading needs, which were included in the annual Government Work Report for the first time and will open more space for the real-estate market, Securities Times reported. There are 8.2 billion square meters of high-quality residential buildings out of the total 34.4 billion sqm inventory, with the penetration rate of 14% in first-tier cities much lower than second-tier cities’ 22%, according to the calculation of Yuan Hao, real-estate analyst at Shenwan Hongyuan Securities.
  • China will soon release the latest edition of the catalogue of industries encouraged for foreign investment, which will include more items in advanced manufacturing, modern services, high-tech, energy-saving and environmental protection sectors, People’s Daily reported citing Hua Zhong, head of foreign investment at the National Development and Reform Commission. Authorities will also introduce measures to encourage foreign companies to reinvest in China, Hua added.
253 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.

MNI (BEIJING) - Highlights from Chinese press reports on Monday:

  • Authorities will promote income growth by boosting residents’ revenues from the capital market while taking multiple measures to stabilise the stock market, according to a special action plan to boost consumption released by the State Council. Beijing will also prioritise increasing the income of middle- and low-income groups due to their higher spending propensity, as an additional CNY1 trillion fund allocated to this group is expected to drive trillions of consumer spending and about one percentage point in GDP growth, said Liu Shijin, former deputy director of the Development Research Center of the State Council. (Source: Securities Times)
  • China will raise its standard for housing construction to meet buyers’ upgrading needs, which were included in the annual Government Work Report for the first time and will open more space for the real-estate market, Securities Times reported. There are 8.2 billion square meters of high-quality residential buildings out of the total 34.4 billion sqm inventory, with the penetration rate of 14% in first-tier cities much lower than second-tier cities’ 22%, according to the calculation of Yuan Hao, real-estate analyst at Shenwan Hongyuan Securities.
  • China will soon release the latest edition of the catalogue of industries encouraged for foreign investment, which will include more items in advanced manufacturing, modern services, high-tech, energy-saving and environmental protection sectors, People’s Daily reported citing Hua Zhong, head of foreign investment at the National Development and Reform Commission. Authorities will also introduce measures to encourage foreign companies to reinvest in China, Hua added.