More recent developments
MoF promises more fiscal support in 2025
The finance ministry (MoF) promises plenty more fiscal support is coming in 2025. In a press conference on Friday, Finance Minister Lan Fo’an said next year authorities will implement a more “powerful” fiscal policy, and increase the fiscal deficit. That… Read More »
Not the stimulus anyone was hoping for
Beijing’s long-awaited stimulus package was a big letdown. But don’t worry, more is coming in the new year. On Friday, the finance ministry (MoF) announced local governments can borrow RMB 10 trillion over five years to pay down “hidden debts.”… Read More »
Guangzhou calls off mortgage price war
In an unexpected turn, authorities in Guangzhou have instructed banks to raise their mortgage rates. Local bankers said the city has instituted a 3.0% rate floor for all newly issued mortgage loans, effective Thursday (Guangzhou Daily). ICYDK: Following the central… Read More »