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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.
Malaysia's geopolitical neutrality and strategic positioning are key selling points to multinational semiconductor companies looking for investment destinations.
Chinese Premier Li Qiang met with Elon Musk, CEO of the U.S. electric carmaker Tesla, in Beijing on Sunday, promising that China's market will always be open to foreign-funded firms, Xinhua reports.
China created a total of 3.03 million new urban jobs in the first quarter of the year,