Xi Calls for Credit Expansion
Xi Calls for Credit Expansion

Xi Calls for Credit Expansion

Xi Calls for Credit Expansion

President Xi Jinping stamped his authority over China’s economy at a major meeting ending Wednesday, which called for “reasonable” credit expansion, increased imports and more open markets and efforts to curb noxious pollution, AFP reported. The pledges were made under a new banner, “Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era”, at the end of the annual Central Economic Work Conference, during which leaders review past policy and plan for the upcoming year. The outcome of the three-day closed-door meeting was published by the state news agency Xinhua. The report outlined China’s new economic direction under Xi, building on his declaration at a party congress in October that the country must shift from an era of high-growth to high-quality development. The economy is rebalancing away from the investment-heavy and export-dependent model that brought four decades of breakneck economic growth but left the country heavily in debt. The report also called for measures to tackle financial risk.

Short URL : https://goo.gl/Vu5V8W
  1. https://goo.gl/mc2ZDG
  • https://goo.gl/WSN4c7
  • https://goo.gl/N4QUVA
  • https://goo.gl/Z35SBY
  • https://goo.gl/wGJ2v8

You can also read ...

According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...

Add new comment

Read our comment policy before posting your viewpoints