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9 matches for " private firms":
Last week, the Chinese authorities were out in force, talking up the economy and markets, and bearing measures to support private firms.
The PBoC late on Wednesday announced measures to provide medium-term funding for smaller businesses.
Chinese GDP numbers always require a great deal of detective work, and yesterday's needed more than the norm; multiple rounds of revisions needed decoding.
Chinese headline industrial profits data show that growth slowed to just 4.1% year-over-year in September, from 9.2% in August.
The bulk of China's PMIs were published over the weekend and yesterday, leaving only the Caixin services PMI on Wednesday.
Credit to the Chinese authorities for sticking it out with the marginal approach to easing for so long... at least two quarters.
It appears to be something of an article of faith among economic advisors to President-elect Trump that substantial fiscal stimulus will generate faster growth without boosting inflation, because both labor participation and productivity growth will rise.
Chinese industrial profits growth officially edged down to 25.1% year-over-year in October, from 27.7% in September. This is still very rapid but we think the official data are overstating the true rate of growth.
China's authorities recognised, around the middle of this year, that activity was slowing and that monetary conditions had become overly tight.
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