Trading news

China's economy fails to meet targets

China's economy is facing difficulties and obstacles in meeting its yearly budget targets, Lou Jiwei, the finance minister, reported on People's Daily newspaper earlier today.

China's fiscal revenues rise 8.3%

The nation's fiscal revenues for the first five months in 2016 climbed 8.3% and were weaker compared to the 13.6% appreciation in fiscal expenditures.

Lou highlighted further that the current condition does not allow much optimism for a bigger rise in fiscal revenues, but hard work is in place for re-boosting the economy.

Moreover, China's fiscal deficit of gross domestic product climbed from last year's 2.3% to 3%, following the nation's economic slowdown.

Read More

Thursday, 30 Jun, 2016 / 7:38

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-economy-fails-to-meet-targets

Trading news

 

Weekly outlook: Bank of Canada, Bank of Japan, US GDP

Week gone by: China’s global influence grows, volatility falls You know [...]

Posted on Friday, 19 Apr, 2019 / 9:15 under

EUR down, USD up as global PMIs disappoint; US housing starts

Market recap EUR fell on the weaker-than-expected Eurozone preliminary [...]

Posted on Friday, 19 Apr, 2019 / 9:14 under

EUR Falls on Eurozone PMIs, USD Gains on Strong US Data

The euro came under selling interest yesterday, tumbling after another set of [...]

Posted on Friday, 19 Apr, 2019 / 7:26 under