The Business Times
business-time-50
EDITORIAL
·
SUBSCRIBERS

The much-awaited uplift from China is not on the horizon

google-preferred-sourceAdd BT as a preferred source
Published Tue, Aug 29, 2023 · 05:00 AM
    • Beijing has been under pressure to step up efforts to bolster growth amid material headwinds, including financial stability risks, as its economic growth moderates.
    • Beijing has been under pressure to step up efforts to bolster growth amid material headwinds, including financial stability risks, as its economic growth moderates. PHOTO: AFP

    CHINA’S economic growth is in jeopardy. With that, all hopes for a stellar post-pandemic recovery in the world’s powerhouse to re-energise a slowing global economy need to be set aside.

    If anything, those expectations now seem far-fetched – a hard truth that’s unchanged by the raft of recent measures unveiled by Beijing to prop up its ailing stock and property markets.

    Over the weekend, China announced a stamp-duty cut on stock trading to boost its stock market and restore investor confidence. The authorities also extended personal income-tax rebates for people who buy new homes within one year of selling till 2025, to support its crisis-hit property sector.

    EditorialChina economyChinaGlobal economy

    TRENDING NOW

    The latest ruling comes after the claimant submitted an appeal against the South Jakarta District Court's Feb 9 decision that declared his lawsuit "inadmissible".

    Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    Indonesia's Finance Minister Purbaya Yudhi Sadewa says figures in the reported export data are roughly 50% lower than the actual numbers.

    Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing

    Beijing has said that the measures are designed to clean up the capital market and steer investors towards regulated channels for overseas investment.

    China traders rush for exit after cross-border flow crackdown

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More