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More credit urged for small biz


More credit urged for small biz
By CHEN JIA |
China Daily |
Updated: 2021-07-07 09:02
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The booth of China Minsheng Bank promotes lending to smaller businesses during an expo in Beijing. [Photo by Chen Xiaogen/For China Daily]
Central bank asks lenders to utilize special policy tools, shore up real economy
China s central bank has urged banking financial institutions to increase credit supply to smaller businesses.
That can be done now given the current special monetary policy tools and market funding, the People s Bank of China said in a message on Monday.
Enhanced credit to small businesses will help maintain financial support to the real economy, the PBOC said. ....

Sebastian Eckardt , Nicholas Zhu , People Bank , Fitch Ratings , Moody Investors Service , China Minsheng Bank , World Bank , Investors Service , செபாஸ்டியன் எக்கர்டத் , நிக்கோலஸ் ஜு , மக்கள் வங்கி , ஃபிட்ச் ரேடிஂக்ஸ் , மனநிலை முதலீட்டாளர்கள் சேவை , உலகம் வங்கி , முதலீட்டாளர்கள் சேவை ,

China's economy flashes hints of weakness | Hellenic Shipping News Worldwide


China’s economy flashes hints of weakness
Expansion in China’s factory sector slowed in June, as export demand weakened while supply bottlenecks held back production, official data showed Wednesday.
Equally worrying, China’s services sector, a persistent laggard in the country’s post-pandemic rebound that Beijing policy makers are eager to see drive more of the economy, softened as recent coronavirus outbreaks again hindered consumer spending.
The hints of weakness on both fronts come as economists lowered expectations for growth in the world’s second-largest economy. In recent weeks, Morgan Stanley and Barclays, among others, have downgraded their forecasts for China’s full-year gross domestic product to below 9%, citing the impact of higher raw material prices on production and weaker-than-expected consumption. ....

Sebastian Eckardt , China National Bureau Of Statistics , Morgan Stanley , World Bank , National Bureau , Wall Street Journal , Yantian Port , Wall Street , செபாஸ்டியன் எக்கர்டத் , சீனா தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , மோர்கன் ஸ்டான்லி , உலகம் வங்கி , தேசிய பணியகம் , சுவர் தெரு இதழ் , சுவர் தெரு ,

Economic recovery set to get further policy boost-Eastday


From:ChinaDaily   |  2021-06-30 07:20
China s economic policies will remain generally stable to solidify the recovery in the second half of this year, and the policy focus may increasingly shift toward curtailing risks at home and abroad, according to policymakers and advisers.
As strong economic growth momentum continues, policy measures should prevent external shocks to improve China s resilience and stabilize the overall leverage level, in case global economic conditions change, said economists who shared the policy outlook with China Daily on Tuesday.
In the second half of the year, monetary policy normalization in China should continue to proceed cautiously, unless inflation moves well above target and inflation expectations become unanchored, Sebastian Eckardt, the World Bank s lead economist for China, said on Tuesday in an exclusive written interview with China Daily. ....

Yi Gang , United States , Sebastian Eckardt , Shaun Roache , People Bank , China Daily , World Bank , இ கும்பல் , ஒன்றுபட்டது மாநிலங்களில் , செபாஸ்டியன் எக்கர்டத் , மக்கள் வங்கி , சீனா தினசரி , உலகம் வங்கி ,

World Bank: 8.5% GDP growth projected for China in 2021


1
2021-06-29 10:12:55China Daily
Editor : Zhang Mingxin
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China s GDP growth is projected to reach 8.5 percent on a yearly basis in 2021, thanks to the pent-up demand and strong exports, according to the World Bank, which updated the economic forecasts in its regional economic report on Tuesday.
It marks an upward revision by 0.6 percentage points from the World Bank s projections in December 2020, largely due to stronger-than-expected foreign demand, it said.
The World Bank also predicted that China s year-on-year GDP growth may moderate to 5.4 percent in 2022, when the low base effects dissipate. It reflects the progressive de-risking and deleveraging efforts, policy normalization and diminished support from net exports. ....

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