24 Sep 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
In his Tuesday press conference, central bank (PBoC) Governor Pan Gongsheng also announced a new round of support for the property sector.
The details: Pan said the PBoC would guide banks:
“To reduce the interest rates of existing mortgage loans to near the interest rates of newly issued loans”
Pa...
September 24, 2024
China's labor market conditions are worsening. Per data from the stats bureau (NBS), released on Friday, youth unemployment excluding students rose to 18.8% in August, up from 17.1% the previous month. ICYDK: The NBS stopped publishing youth unemployment data in… Read More »
September 24, 2024
China’s fiscal decline deepened in August. General public budget revenue – the biggest chunk of government income – fell 2.8% y/y, widening from July’s decline of 1.9%. Tax receipts – which account for about 80% of public budget revenue –… Read More »
September 24, 2024
One of China’s most influential economists thinks an RMB 10 trillion stimulus package is necessary to revive the economy. In a speech on Saturday, Liu Shijin – the former deputy director at the State Council’s in-house think tank (DRC) –… Read More »