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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.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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