Stock prices rose in China on Monday, as investors welcomed government signals of renewed attempts to counter weakness in the economy by borrowing more and easing oversight of the private sector. The CSI 300, an index of large companies traded in Shanghai and Shenzhen, rose 1.9 percent. The increase came …
Read More »China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
China’s powerful Ministry of Finance said on Saturday that it would borrow more to help cash-short localities and put more money in the hands of state-owned banks, an effort to address a severe slowdown in real estate and shore up crumbling consumer confidence. Lan Fo’an, the finance minister, did not …
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