China Oct PMI Expansions Point to Impact of Fiscal Support

Purchasing Managers Index for October 2023

In October, the Purchasing Manager Index (PMI) of China's manufacturing industry was 49.5 percent, a decrease of 0.7 percentage point from the previous month.

The Long Shadow of China's Fiscal Expansion - jstor

The long-run effect of off- balance-sheet spending by local governments may be a permanent decline in the growth rate of aggregate productivity and GDP. In ...

China Policy Support Eases Growth Risks, Highlights Fiscal ...

Fitch Ratings-Hong Kong/London-16 October 2024: A slate of economic policy announcements by the Chinese authorities should reduce downside ...

Global Economic Prospects - World Bank

Global cooperation is needed to safeguard trade, support green and digital transitions, deliver debt relief, and improve food security. In EMDEs, public ...

Lessons from China's fiscal policy during the COVID-19 pandemic

Inconsistency of economic targets can cause fiscal stimulus to be less forceful than it could have been and undermine the signaling effect of setting growth and ...

Short-Term Fiscal Multipliers in China in - IMF eLibrary

1. China has traditionally relied heavily on increasing public investment to offset exogenous shocks to demand. In response to the Global ...

China manufacturing PMI hits lowest level since post-Covid reopening

The official manufacturing purchasing managers' index (PMI) fell below the 50-point mark separating monthly expansion and contraction to 49.2 in ...

The Fiscal Stimulus Programme and Public Governance Issues in ...

China introduced the largest stimulus package in the world in late 2008, in the wake of the global financial crisis. China was also the first major economy ...

Purchasing Managers' Index (PMI) Definition and How It Works

The Purchasing Managers' Index (PMI) is an indicator of economic health for manufacturing and service sectors.

The long shadow of a fiscal expansion - Brookings Institution

In 2009 and 2010, China undertook a 4 trillion Yuan fiscal stimulus, roughly equivalent to 12 percent of annual GDP. The “fiscal” stimulus was largely ...

October PMI Highlights Steady Economic Expansion, with Inflation ...

The October PMI data underscores a complex economic landscape in the US, where service sector growth remains robust even as manufacturing ...

Policy Responses to COVID-19 - International Monetary Fund (IMF)

In terms of tax measures, in response to the economic impact on households and enterprises of the lockdown measures in 2020, the authorities postponed the ...

China's manufacturing PMI re-enters expansion territory in October

China's manufacturing sector has shown signs of robust recovery as the purchasing managers' index (PMI) re-entered the expansionary ...

China - Fiscal support measures announced so far still “piecemeal”

These announcements quickly led to a sharp improvement in China's stock markets, with the CSI-300 index surging by 25% between 23 September and ...

Fiscal support calls grow louder as China's activity data sends ...

The official manufacturing purchasing managers' index (PMI) – a survey of sentiment among factory owners – rose to a five-month-high of 49.8 in ...

The Long Shadow of a Fiscal Expansion

The long run effect of off-balance sheet spending by local governments may be a permanent decline in the growth rate of aggregate productivity and GDP. Chong-En ...

China : Development news, research, data | World Bank

Since China began to open up and reform its economy in 1978, GDP growth has averaged over 9 percent a year, and more than 800 million people have lifted ...

Monetary and Fiscal Operations in the People's Republic of China

government budgets) have had larger than expected negative effects—providing empirical evidence in support of ... The point is that shifting more fiscal ...

China's Oct Factory Activity Returns to Expansion, Caixin PMI Shows

The Caixin/S&P Global manufacturing PMI rose to 50.3 in October from 49.3 the previous month, beating analysts' forecasts in a Reuters poll of ...

Southeast Asia quarterly economic review: Q2 2024 - McKinsey

The central bank cut its policy rate in mid-August by 25 basis points to 6.25 percent in a bid to continue to support the economy, becoming one ...