-- Chinese officials have alighted on a cheap, new type of stimulus: Making early disclosures on flattering economic news that can lift markets and help shape a positive narrative on their nation’s slowdown.The latest example came Thursday, when Vice Finance Minister Liao Min highlighted bright spots in the budget data at a press briefing in Beijing. His comments beat the monthly statement which normally provides that information, without commentary, by one hour.
The new strategy follows a call from top leaders to amplify bullish views about the economy at a December meeting. China’s post-pandemic recovery disappointed last year, partly due to geopolitical tensions and dented investor confidence after years of Covid curbs and policy swings. The National Bureau of Statistics halted the publication of monthly numbers for industrial profits for several months in 2022 when the figure was declining. After the youth jobless rate hit a record high in June, officials paused publishing that data for months before bringing it back with a rosier number that excluded students.
“The teachers are underlining the key points,” he added. “But it will take investors time and patience to verify how important the messages are.”Donald Trump lashes out as clock runs down on his $464m bond payment
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