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Eurasia
24/12/2023 07:00
China has space to step up support for the economy, given that its central government debt burden is relatively low and consumer prices are also low, Wang said.
China's consumer prices fell at the fastest rate in three years in November.
Wang said China may be able to cut interest rates as the Federal Reserve has likely stopped raising its own rates, although a wide interest rate gap between the two countries and worries about the impact on banks could act as constraints.
At the annual Central Economic Work conference held from Dec 11-12, Chinese leaders pledged to adjust policy to support an economic recovery in 2024.
China's growth is expected to hit the government's target of around 5 per cent this year.
The relations between Kazakhstan and Türkiye are characterized by solid historical and cultural foundations that serve to strengthen mutual ties.
China’s sweeping advances in renewable energy and digital infrastructure are reshaping both its domestic economy and the global green transition.