China’s private sector contributed more than 60 per cent of the nation’s gross domestic product growth in 2017. Photo: Handout

China’s bad debts may worsen if growth falters below 6 per cent, warns US rating agency

  • Moody’s estimates China’s gross domestic product growth will be 6 per cent in 2019
  • Beijing has launched a series of measures to offset the trade war with the United States in a bid to boost growth and aid its slowing economy
Topic |   China economy

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China’s private sector contributed more than 60 per cent of the nation’s gross domestic product growth in 2017. Photo: Handout
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President Xi Jinping (left) and Premier Li Keqiang, who is the head of China’s State Council. Photo: EPA

China’s Premier Li Keqiang warns central bank of ‘new potential risks’ posed by record loans in January

  • New yuan loans last month reached US$476.97 billion, almost triple the amount from December, after Beijing eased regulations in a bid to its boost slowing economy
  • People’s Bank of China hits back, saying growth in short-term lending ‘mainly supported the real economy’ amid the US-China trade war
Topic |   China economy

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President Xi Jinping (left) and Premier Li Keqiang, who is the head of China’s State Council. Photo: EPA
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