China left benchmark lending rates unchanged at a monthly fixing on Wednesday, in line with market expectations, after the central bank kept a key policy rate steady last week amid some signs of improvement in the broad economy. WHY IT’S IMPORTANT China has set an economic growth target of “around 5%” for 2024, a rate … Read more
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, met the press … Read more
However, certain structural reforms could help the country discover its full growth potential, Liu told a financial forum in Beijing on Saturday, according to state-backed digital media The Paper. How much employment pressure is China facing? Concerns have been mounting in China over the economy’s long-term potential amid a prolonged property market slump and local … Read more
