China's ambitious 5% economic growth target faces challenges from sluggish consumer spending, a shaky property market, and looming tariff threats from the U.S. Despite recent stimulus efforts, deflationary pressures are rising, with many economists doubting the country's ability to meet its goals. As export growth increases, concerns about the impact of cheap Chinese goods persist, prompting officials to defend the nation's manufacturing strength.
Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China, having already utilized the existing 30 billion yuan (USD 4.3 billion) trade facility. Finance Minister Muhammad Aurangzeb sought to raise the currency swap agreement limit to 40 billion yuan during discussions with China's Vice Minister of Finance, Liao Min. This request marks another attempt to increase the debt limit, which has been declined by Beijing in the past.
China's recent stimulus initiative focuses on boosting domestic demand to achieve its annual GDP growth target, according to Vice Finance Minister Liao Min. He emphasized the importance of enhancing macro policies and coordinating with monetary policy to restructure the economy and stimulate consumption.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
