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BEIJING (Reuters) -China's exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending at home squeezed businesses in the world's second-largest economy, although the falls were slower than expected. While the trade numbers follow a run of other indicators showing a possible stabilisation in China's downturn, they remain far short of the growth economists anticipated earlier this year when the government abandoned its strict COVID curbs. China's economy is at risk of missing Beijing's annual growth target of about 5% as officials wrestle with a worsening property slump, weak consumer spending and tumbling credit growth, leading analysts to downgrade forecasts for the year.
BEIJING :China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, Bloomberg News reported on Friday.Debt-laden municipalities represent a major risk to China's economy an
S&P Global has lowered its forecast for China s economic growth this year to 5.2% from 5.5%, citing weak consumer confidence and a sluggish housing market. The world s second-largest economy has begun to slow in recent months despite the lifting of strict anti-COVID measures. Possible policies to stimulate the economy could include fiscal support for consumption, credit expansion, longer-term mortgage financing, and infrastructure financing, according to S&P.