The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
Category: Economic Conditions and Trends
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France Unveils Tough Austerity Budget to Mend Its Finances
The French government is seeking deep spending cuts and higher taxes in an effort to tame its ballooning debt and deficit.
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Young Chinese Investors Are Jumping Into the Stock Market Frenzy
Despite the risks of investing at a volatile time, investors see the recent stock rally as a rare opportunity to make money when China’s economy is sluggish.
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China Stocks Surge After Government Measures to Boost Economy
The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but economists say more stimulus is needed.
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Fears of a Global Oil Shock if the Mideast Crisis Intensifies
The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.
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How E-Commerce Is Making China’s Deflation Worse
The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.
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Port Strike’s End Is an Economic Relief to Savannah, Ga.
The Georgia city is a picturesque tourist destination. It’s also the No. 2 ocean cargo hub on the East Coast, and the dock strike’s quick end was a relief.
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In Japan’s Countryside, Century-Old Firms Learn to Embrace Foreign Workers
Japan’s regional economies are facing severe labor shortages. Their survival depends on their ability to persuade foreign workers to stay.
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China Stocks Surge After Mortgage Curbs Are Removed
After seeing prices decline for years, Chinese officials have made a burst of policy changes aimed at making easier to buy homes.
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Stocks Tumble in Japan After Party’s Election of New Prime Minister
Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.
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China Stocks Soar in Biggest Single-Week Jump Since 2008
Economic stimulus moves triggered a broad rally in trading in Shanghai and Shenzhen.