Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.
  • en EN
    • zh-CN ZH-CN
    • en EN
No Result
View All Result
Fermat Ventures
No Result
View All Result
Home Stocks And Finance


It is important to stay hydrated throughout the day in order to maintain good health.


October 12, 2024
in Stocks And Finance
Reading Time: 4 mins read
0 0
0
China focusing more on boosting consumer demand would be a 'good sign': strategist
Share on FacebookShare on Twitter


Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024.

Bloomberg | Bloomberg | Getty Images

BEIJING — China’s Minister of Finance Lan Fo’an told reporters Saturday during a highly anticipated press briefing that the central government has room to increase debt and the deficit.

He emphasized that the space for a deficit increase is “rather large,” but noted such policies are still under discussion, according to CNBC’s translation of the Chinese.

Economists have insisted that China needs additional fiscal support, but Beijing has yet to announce any. In the days leading up to the briefing, many investors and analysts had hoped that China was gearing up to unveil a major new stimulus package.

Lan signaled that the weekend briefing was not the end, that more stimulus is on the way and that the debt or deficit changes markets have been waiting for could come in the near future. It remains unclear whether the size of any such stimulus would meet market expectations, or how much would go directly towards consumption or real estate.

The finance ministry on Saturday also outlined policy measures focused on addressing local government debt problems, stabilizing real estate and supporting employment.

On real estate, the finance ministry will allow local governments to use special bonds for land purchases and allow affordable housing subsidies to be used for existing housing inventory, instead of only new construction, Vice Minister of Finance Liao Min said at the same press conference, according to CNBC’s translation of the Chinese.

He added that authorities were considering plans to reduce real estate-related taxes. He did not name specific figures and noted supporting real estate required multiple policies.

“These policies are in the right direction,” Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said in a note Saturday. He added that more details are needed to evaluate the impact of such policies on the macro outlook, and “this will be the focus of the market in [the] coming months.”

In a meeting in late September, led by Chinese President Xi Jinping, authorities had called for strengthening monetary and fiscal policy support. But they did not lay out the details.

Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan ($283.1 billion) to more than 10 trillion yuan.

Ting Lu, chief China economist at Nomura, had cautioned in a note Thursday that any such stimulus would typically need approval by China’s parliament, expected to hold a meeting later this month. He added that how any funds are used is just as important as the amount that’s delivered — whether they only go to shoring up struggling local government finances or focus on boosting consumption.

China’s retail sales grew only modestly over the last few months, and the country’s real estate slump has shown few signs of turning around.

GDP rose by 5% in the first half of the year, sparking concerns that China could miss its full-year target of around 5%. All eyes are now on Oct. 18, when the National Bureau of Statistics is scheduled to release third-quarter GDP.

Bruce Pang, chief economist and head of research for Greater China at JLL, said he is watching for more details to be announced at a parliamentary meeting later this month. He added “it would be reasonable and practical” to keep some dry powder in the event of unexpected shocks.



After markets reopened Tuesday following a weeklong holiday, mainland Chinese stocks became volatile throughout the week, as a stimulus-fueled rally lost stream. The declines took major indexes back to levels seen in late September.

Stocks had climbed then — the CSI 300 saw its best week since 2008 — as major policy announcements signaled that the Chinese government was finally stepping in to stimulate slowing growth.

Just days after the Federal Reserve began its easing cycle, the People’s Bank of China cut a few of its interest rates and extended existing real estate support measures by two years. The PBOC also launched a roughly $71 billion program allowing institutional investors to borrow funds for stock investing.

The National Development and Reform Commission, the top economic planning agency, pledged in a rare press conference Tuesday to speed up use of 200 billion yuan originally allocated for next year, mostly for investment projects. The NDRC did not announce additional stimulus.

Saturday is a working day in China, but markets are closed.



Source link
This article was complied by AI and NOT reviewed by human. More information can be found in our Terms and Conditions.

Tags: blockquoteblockquotebrBreaking News: Asiabusiness newsDayGoodhealth.pbrhydratedimportantmaintainMarket InsiderMarketsorderpItStayStock markets
Previous Post

Bitcoin (BTC) Attempts to Reach $63.5K Again Amid Uncertainty Over China’s Fiscal Stimulus Measures

Next Post

Predicting Nvidia’s Stock Price in 2025

Related Posts

Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up
Stocks And Finance

Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

June 15, 2025
What we have learned from the first fatal Boeing Dreamliner crash
Stocks And Finance

What we have learned from the first fatal Boeing Dreamliner crash

June 14, 2025
CVX, UAL, NOC, RH, and additional stocks
Stocks And Finance

CVX, UAL, NOC, RH, and additional stocks

June 13, 2025
2025 Prudent Pet Insurance Review
Stocks And Finance

2025 Prudent Pet Insurance Review

June 12, 2025
New rule protecting fertility introduced by Women’s Tennis Association
Stocks And Finance

New rule protecting fertility introduced by Women’s Tennis Association

June 11, 2025
J.M. Smucker, Tesla, and Other Companies
Stocks And Finance

J.M. Smucker, Tesla, and Other Companies

June 10, 2025
Next Post
NVDA Revenue Estimates for Current Fiscal Year Chart

Predicting Nvidia's Stock Price in 2025

Ethena Labs Recommends Using SOL as Collateral for USDe

Ethena Labs Recommends Using SOL as Collateral for USDe

  • Trending
  • Comments
  • Latest
Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

Engel & Völkers reports strong performance of Canadian luxury real estate in changing market conditions

July 18, 2024
Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

Property Taxes in Canada: Ranking the Most and Least Affordable in 2024

July 2, 2024
CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

CREA introduces the Canadian Realtors Care Award 2025, honoring a decade of community impact recognition

October 4, 2024
June sees Canadian housing market revival after interest rate cut

June sees Canadian housing market revival after interest rate cut

July 17, 2024
Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

Title Revision: HSBC Elevates UK Stocks, Lowers Canada By Investing.com

0
BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

BitGo to Provide Custody Services for Coins in the CoinDesk 20 Index

0
Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

Analog Devices Soars as Q2 Results and Guidance Surpass Expectations (ADI)

0
Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

Firms offering ‘Buy Now, Pay Later’ services must adhere to U.S. credit card laws

0
Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up

June 15, 2025
What we have learned from the first fatal Boeing Dreamliner crash

What we have learned from the first fatal Boeing Dreamliner crash

June 14, 2025
CVX, UAL, NOC, RH, and additional stocks

CVX, UAL, NOC, RH, and additional stocks

June 13, 2025
Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

Richard Silver, Toronto-based Sotheby’s representative, calls on Carney to permit foreign buyers

June 13, 2025
Fermat Ventures

Discover the latest in stocks, finance, cryptocurrency, and real estate with Fermat Ventures. Stay informed with expert analysis, timely updates, and comprehensive coverage of the financial markets.

BROWSE BY CATEGORIES

  • Cryptocurrency
  • Real Estate
  • Stocks And Finance
No Result
View All Result

LATEST UPDATES

  • Kevin O’Leary Credits His Marriage’s Survival to Working Nonstop While His Kids Were Growing Up
  • What we have learned from the first fatal Boeing Dreamliner crash
  • About Fermat Ventures Ltd.
  • Disclaimer
  • Privacy Policy
  • Copyright
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Fermat Ventures
Disclaimer

The content on this website is for informational purposes only and is not professional advice. By proceeding, you agree that Fermat Ventures Ltd. is not responsible for how you use this information. You also agree to our Privacy Policy, Disclaimer, and Terms and Conditions.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Home
  • Stocks And Finance
  • Real Estate
  • Cryptocurrency
  • About Fermat Ventures Ltd.

Copyright © 2024 Fermat Ventures.
Fermat Ventures is not responsible for the content of external sites.