{"id":135458,"date":"2024-12-10T14:10:55","date_gmt":"2024-12-10T07:10:55","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=135458"},"modified":"2024-12-10T14:10:55","modified_gmt":"2024-12-10T07:10:55","slug":"chinese-stocks-rise-after-leaders-signal-more-measures-to-boost-growth","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=135458","title":{"rendered":"Chinese stocks rise after leaders signal more measures to boost growth"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Stay informed with free updates<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Simply sign up to the <!-- -->Chinese economy<!-- --> myFT Digest &#8212; delivered directly to your inbox.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=d3a729c0-60e8-49f9-b743-43c3a7fbd1ee&amp;concept-id=bf38d79f-556e-4f4e-885c-a9e67594140a\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Chinese stocks and bond prices climbed on Tuesday following a pledge by the country\u2019s leaders to implement \u201cmoderately loose\u201d monetary policy to revive economic growth in the world\u2019s second-largest economy.<\/p>\n<p>The CSI 300 stock index rose as much as 3.3 per cent at the open before paring gains to be 1.4 per cent higher, while yields on <a href=\"https:\/\/www.ft.com\/china\" data-trackable=\"link\">China<\/a>\u2019s benchmark 10-year bonds slipped five basis points to 1.86 per cent in the morning session, hitting a record low as investors bet on further interest rate cuts from the central bank. Bond prices move inversely to yields.<\/p>\n<p>The rally came after China\u2019s politburo, the Communist party decision-making body chaired by President Xi Jinping, <a href=\"https:\/\/www.ft.com\/content\/7a9c963c-b1af-4c92-860e-f57dc546cf1f\" data-trackable=\"link\">vowed to implement \u201cunconventional\u201d measures<\/a> to boost growth and stabilise the stock market and property sector.<\/p>\n<p>Policymakers also pledged on Monday to adopt \u201cmore proactive\u201d fiscal policy, indicating the amount of government support could increase. The leaders also vowed to \u201cvigorously boost consumption\u201d.<\/p>\n<p>Investors have been looking for further signs that Beijing \u2014 which announced <a href=\"https:\/\/www.ft.com\/content\/19fa5694-d26a-45bc-97eb-7aee2a589545\" data-trackable=\"link\">some economic stimulus measures in September<\/a> \u2014 is stepping up efforts to boost consumer demand, with the economy under deflationary pressure for much of the year.<\/p>\n<p>Trade data published on Tuesday showed China\u2019s imports in November fell 3.9 per cent year on year, the most since February, which analysts said reflected weak demand. Inflation data published on Monday showed consumer prices rose just 0.2 per cent year on year in November.<\/p>\n<p>\u201cThe contraction of imports is consistent with the weak [consumer price] data,\u201d said Zhiwei Zhang of Pinpoint Asset Management in a note. \u201cThe politburo meeting yesterday signalled [a boost to] domestic demand next year. The market is anxiously waiting for details on what exactly the government will do.\u201d<\/p>\n<p>China\u2019s exports in November rose 6.7 per cent from a year earlier, below analysts\u2019 forecasts in dollar terms.<\/p>\n<p>\u201cExport growth slowed sharply last month, but we doubt this signals the end of China\u2019s recent export boom,\u201d said Capital Economics in a note. \u201cWe expect exports to accelerate again in the coming months, supported by gains in export competitiveness and exporters front-running tariffs.\u201d<\/p>\n<p>Donald Trump\u2019s electoral victory last month has raised concerns of higher tariffs. China\u2019s trade surplus with the US widened to $34.9bn in November from $33.5bn a month earlier.<\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"502afa03-59e3-488c-a676-7919ba450409\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/502afa03-59e3-488c-a676-7919ba450409\" data-trackable=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2048\/1152\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252Ffffedf89-9dae-4830-a45c-bdaa8e734946.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&amp;fit=scale-down&amp;dpr=2&amp;width=240\" alt=\"A montage of Trump in front of a Chinese flag and container port\"\/><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>Markets have interpreted the politburo\u2019s remarks as indicating a stronger policy stance that goes beyond the measures announced in September, said Bank of America analysts.<\/p>\n<p>The readout from the meeting \u201chelps confirm that top leaders are fully aware of the aggregate demand weakness beyond [the] local government fiscal crunch, and they are serious in addressing it\u201d, they said.<\/p>\n<p>Dalian iron ore futures rose as much as 3.9 per cent on Tuesday in their largest increase since September, when Chinese officials unleashed a swath of stimulus measures.<\/p>\n<p>Demand for iron ore, a steelmaking commodity, is closely tied to China\u2019s construction and investment growth.<\/p>\n<p><em>Additional reporting by William Sandlund in Hong Kong<\/em><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.ft.com\/content\/d3a729c0-60e8-49f9-b743-43c3a7fbd1ee\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stay informed with free updates Simply sign up to the Chinese economy myFT Digest &#8212; delivered directly to your inbox. Chinese stocks and bond prices climbed on Tuesday following a &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=135458\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-135458","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135458"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/135458\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}