Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said.
A firmer policy shift could come in the fourth quarter, when a top-level meeting known as the "Third Plenum" is expected to be held, Loo said.
The current weakness of localities' finances prevents Beijing from utilizing fiscal policy to support the economy.Zhongrong did not immediately respond to a CNBC request for comment. Its website warned in a notice dated Aug. 13 of fraudulent claims that it was no longer able to operate.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China-focused ETFs drop as country’s property woes highlight ‘recession risks in China are real’China’s disappointing economic data and fresh worries over the country’s property sector are weighing on investors.
Read more »
You may be sharing scams on social media without knowing itA lot of us love sharing stories and content on social media. But we’ve got a warning: you may be sharing scams with your friends without even knowing it. Fraudsters are tricking people into sharing their suspicious links and scams. KPRC2Amy
Read more »
Bay Area LGBTQ seniors aging without traditional families build their ownSenior centers and nonprofits in the Bay Area are creating opportunities for LGBTQ elders to build community.
Read more »
Navy now the third military branch without Senate-confirmed head due to TubervilleThe U.S. Navy would have a new chief today, but it won’t thanks to the continued block on officer promotions put in place by a single Republican lawmaker: Sen. Tommy Tuberville.
Read more »
Top naval officer's retirement leaves three branches without Senate-confirmed headsThe chief of naval operations retired on Monday without a confirmed successor, which marks the first time three service branches are without a Senate-confirmed leader at the same time.
Read more »
Three military services without chiefs for first timePentagon officials, including Austin, have repeatedly warned of the consequences of Sen. Tuberville’s ongoing hold, saying it would impact national security by not allowing the right leaders to tak…
Read more »