China boasts more room to tackle its debt

China boasts more room to tackle its debt

Ascending corporate revenues are giving Chinese policymakers enough room to do more to tame the country’s surging debt issues without inflicting key damage on the national economy.

Revenues are soaring even though financial conditions are definitely tightening in some crucial areas of the Chinese economy. For instance, lending rates have tacked on, regulators have already clamped down against risky lending. Moreover, they have moved to take the heat out of the country’s property sector.

The Chinese economy is also steadily on course to meet the government's GDP surge objective in 2017 of approximately 6.5%.

Although it’s far from certain the Chinese authorities will keep tightening credit conditions. Some financial experts expect policymakers to move that way as soon as President Xi Jinping manages to consolidate power at a major five-yearly Communist Party Congress later in 2017.

By the way, the Chinese government has made cutting the country’s debt burden a number one priority in 2017 after credit tacked on following the global financial downtime.

Similar

News to trade on December 11

Today the British PM Theresa May plans to discuss the current conditions of the Brexit deal with the European leaders. Is it happening again? What else will move the world of Forex today? Read the news!

China property will decelerate in 2019

In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…

Japanese economy contracts most for four years

In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera