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China needs more than cheaper mortgages to revive spending

Simon Yu s monthly mortgage payments for his Shanghai apartment will drop after China s latest measures to support the ailing property sector, but so will the interest he earns on his bank deposits. . -Yesterday at 07:00 pm- MarketScreener

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China Bonds Roiled by One-Two Punch on Liquidity, Rate Outlook

China Bonds Roiled by One-Two Punch on Liquidity, Rate Outlook
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Analysis-China needs more than cheaper mortgages to revive spending

Simon Yu's monthly mortgage payments for his Shanghai apartment will drop after China's latest measures to support the ailing property sector, but so will the interest he earns on his bank deposits. Yu's bind highlights the difficulty Beijing faces in kick-starting weak consumer spending. While lowering interest rates eases the financial burdens for households, a dire economic outlook and lack of longer-term reforms in areas such as pensions and healthcare, means consumers don't have the means to loosen the purse strings, analysts say.

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China Ramps Up Campaign to Boost Fragile Economy, Currency

(Bloomberg) China intensified efforts to stimulate the economy and support its currency, as investor concerns over the growth outlook persist.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EngineEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintPutin Moves to Seize Control of Wagner’s Mercenary EmpireUBS Flags Cost Cuts After $29 Billion Credit Suisse WindfallThe cen

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China ramps up campaign to boost fragile economy, currency

The central bank will trim the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, the Peoples Bank of China said Friday. The move came hours after authorities announced fresh stimulus for the beleaguered property sector and unveiled plans to expand tax breaks for child and parental care and education.

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