Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

China’s High Budget Surplus Gives Positive Outlook for the Year

February, 22 2017
watermark Economic news

Financial authorities in China have allocated billion of dollars in tax downsizing and penury aid on Wednesday. Hong Kong's tentative budget surplus amounting to HK$92.8 billion ($11.96 billion) was much higher than HK$11 billion funds the year prior, with fiscal reserves of HK$935.7 billion.

This is an approach to recover and reflate the economy giving an optimistic stance for the year despite intensifying worries regarding protectionism and rise in interest rates. The government has adjusted its economic prediction for the year from 2 to 3 percent and disclosed as the fast growth of 1.9 percent more than anticipated.

This good projection for the year was brought by the heightened impetus from the increase in shipment overseas and private utilization. These have helped the trade-reliant economy to uplift its annual growth by 3.1 percent in the fourth quarter in 2016 which is the quickest rise since June 2015.

World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.