Public Debt in China
China - Public Debt
Authorities resort to fiscal stimulus to stem economic slowdown
The Chinese government has speeded up the approval of new investment projects in an attempt to fuel economic growth, as sluggishness in the global economy and a subsequent domestic slowdown have started to take their toll. The National Development and Reform Commission (NDRC) has already approved 868 large investment projects in the first four months of 2012, compared to just 363 in the same period last year. According to local media, the NDRC approved more than 110 projects on 21 May alone. The new investment approvals encompass most sectors, including clean energy, transport, industrial modernization and rural infrastructures. Moreover, on 16 May, the State Council granted consumption subsides of CNY 26.5 billion (USD 4.2 billion) to purchase household appliances and CNY 6 billion (USD 949 million) to buy fuel-saving vehicles. Analysts estimate that the new measures will amount to between CNY 1 trillion (USD 158 billion) and CNY 2 trillion (USD 316 billion). That said, the NDRC has ruled out the possibility of a new round of economic stimulus measures of the magnitude of those implemented in 2008/2009, when China launched a massive CNY 4 trillion stimulus package (around 11% of GDP).
China - Public Debt Data
|Public Debt (% of GDP)||14.6||14.9||15.5||16.2||16.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.61||-0.11 %||Oct 12|
|Exchange Rate||6.92||-0.19 %||Oct 12|
|Stock Market||2,607||-0.34 %||Oct 12|
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October 12, 2018
Export growth accelerated from 9.8% in August to 14.5% in September.
September 30, 2018
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) fell from 51.3% in August to 50.8% in September.
September 15, 2018
House prices in 70 large- and medium-sized cities rose 1.4% in August in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
September 14, 2018
Industrial production expanded 6.1% annually in August, slightly above July’s 6.0% and matching market expectations. August’s print reflected an acceleration in electricity generation and mining output, while manufacturing production growth edged down. On a month-on-month basis, industrial production increased 0.52% in seasonally-adjusted terms in August, above July’s 0.47% expansion.
September 14, 2018
Urban fixed asset investment in China expanded 5.3% annually in the first eight months of the year, marking the lowest print on record since the early 1990s.