According to state-owned media, a former central banker predicts that China will likely implement a proactive fiscal policy next year to maintain stable economic growth for the world’s second-biggest economy. The economy has been struggling to regain momentum after prolonged pandemic-related restrictions, and concerns have arisen about potential debt issues among major property developers affecting …
According to Wall Street analyst Jim Bianco, Treasury yields are expected to witness a significant surge in the coming weeks, possibly overshooting 5%. “I don’t believe we have reached the end of this bond market movement,” said Bianco Research president in an interview on CNBC’s “Fast Money” show. Provided the Federal Reserve hints at halting …
China’s economy is facing significant challenges, particularly in its real estate sector. This sector constitutes a substantial portion of the country’s gross domestic product (GDP), but an oversupply of housing and increasing mortgage debt have created a crisis. Chinese consumers took on this debt with the expectation that the real estate sector would continue to …