News & Insights Across Asia
China’s Finance Minister Lan Fo’an announces new fiscal stimulus measures to boost growth, manage local government debt, and stabilize the real estate market, signaling proactive economic policies for 2024.
China’s Finance Ministry has suspended PwC’s operations for six months due to its audit work with troubled property developer China Evergrande Group, and fined its main onshore arm 116 million yuan.
China’s Finance Ministry reaffirms its 3% deficit ratio for 2024 as ‘moderate’ and ‘rational’ following Fitch’s downgrade of China’s credit outlook, emphasizing commitment to economic growth and credit standing.