Investors cheer, even if much remains uncertain
three years China’s policymakers have been fighting a two-front war: against a virulent pandemic and a volatile property market. Their chosen policy instruments have turned out to be double-edged. “Zero-covid” mass-testing and hair-trigger lockdowns have saved lives at great cost to the economy.
The 20 steps are not necessarily a prelude to the abandonment of China’s zero-covid policy—they may just be a refinement of it. Indeed, with infections rising, including in big cities like Guangzhou, China may see more lockdowns in the immediate future,. But the 20 steps still represents the biggest relaxation of the country’s pandemic stance since covid began to spread.
Just as last year’s curbs tightened access to financing, these measures loosen it. They are intended to increase lending to viable developers and construction firms, avert a fresh wave of loan or bond defaults, finance the resumption of construction on stalled projects and ease the plight of mortgage-holders. Developers’ loans due in the next six months should be extended. Bonds should be renegotiated.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Asean should rise up on the agenda of investors\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Lire la suite »
Nigeria’s Nestcoin held funds from its investors on stricken FTX exchange\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »
Crypto Markets Are A Mess As Firms Scramble To Soothe Investor Jitters | OilPrice.comCrypto exchanges have looked to cool investors’ fears of contagion today as the industry is rocked by the shockwaves of FTX’s collapse last week.
Lire la suite »
How Does FTSE100 Trading Work?Every stock market has an index or several indices which provide investors with insights into...
Lire la suite »
Joules poised to collapse into administration putting 1,600 jobs at riskThe upmarket brand said talks over an emergency cash call with investors, including its founder Tom Joule, were unsuccessful.
Lire la suite »
Rishi Sunak says UK heading for another financial meltdown without tax hikes and spending cutsThe Prime Minister insisted that the UK had not yet escaped from the prospect of being battered by international investors who lost faith in the country’s creditworthiness when Liz Truss was in office
Lire la suite »