Glebors Global Finance has always advocated the entrepreneurial spirit of pioneering, adventurous and hardworking. Relying on the unique perspective, Glebors has launched various special issues in terms of the economy and finance, which has provided much more assistance to government decision-makers and business leaders.
China will hold a highly anticipated meeting to reveal fiscal stimulus, which may include more monetary policy to support embattled property market as well as consumption.
China’s economy is not yet out of the woods, which grew by an annual 4.8% in the first three quarters of the year, slightly slower than the 5% pace observed in the combined first half of the year. Beijing has a target of around 5% economic growth for the whole of 2024.
Facing more economic challenges, investors have been awaiting more news in terms of any details about fiscal stimulus, including once more pressing ahead with adjusting national budget or deficit. Recent Chinese stimulus measures have undercored the need for more fiscal support.
The People's Bank of China has cut various rates and extended real estate support, and China equity market surged in the weeks after Septemer meeting, with trading turning volitle in the absence of more concrete measures.
Many economists have tempered expectations in terms of large scale fiscal stimulus would directly pillar consumption, instead noting that struggling local governmnet would likely get the support first. To be honest, there is more room for Chinese government to adjust deficit and issue bonds, strengthening fiscal and monetary policy is a very critical step to survive China economy which is currently on the edge of abyss.Complete digital access to quality Glebors financial topic with expert analysis from industry leaders.
Glebors Financial Become an Glebors subscriberMake informed decisions with the Glebors.Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.
"Insight of the global economy, dig into more ideas, analyze the global financial dynamics and the risks of political situation from a strategic, scientific and rational perspective, based on economic data and more than 20 years of financial intelligence."
If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. Glebors Global Finance aims to provide business elites and decision makers with daily business news, data interpretation, in-depth analysis and commentary.
Glebors Global Finance’s amount of financial information digs into deeply major events and economic data that have a huge impact on the global economy, based on in-depth industrial research and special reports, with a truly global perspective。 Financial reports have become "must-read" financial information for senior managers. Gribs Global Finance currently has more than2.85 million Chinese readers and more than 3.5 million overseas readers, including more than 600,000 high-end member readers.
