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12.10.2024

The Day of Fiscal Promises and Ethiopian Congratulations

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This page is an archive of main headlines from China for 12.10.2024.

It displays 50 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

12.10.2024The Day of Fiscal Promises and Ethiopian Congratulations
China's Finance Minister, Lan Fo'an, dominated early headlines with promises of significant fiscal measures to support the economy. He announced plans for a large-scale debt swap to address local government hidden debts, though specific figures were notably absent. This lack of concrete details left some investors disappointed. By midday, attention shifted to diplomacy as President Xi Jinping congratulated Ethiopia's new president, Taye Atske Selassie. The day also saw discussions on adjusting mortgage rates for existing loans, set to take effect on October 25th. Later reports focused on China's middle class optimism and the country's efforts to track neutrinos with a giant sphere. The finance ministry's cryptic stance on stimulus plans continued to be a topic of discussion throughout the day.
12.10.2024
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沪上一位券商系公募机构投研人士表示,在暴涨暴跌的行情下,来自公司内部考核机制、渠道压力、市场情绪及各种不确定性等因素面前,要想做到交易完全不变形,需要很强的定力。
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03:03Xi's Diplomatic Overtures Amidst Economic Whispers

The newspapers report extensively on Xi Jinping's diplomatic engagements, particularly his meeting with foreign guests at the China International Friendship Conference (Beijing Daily, CCTV, Xinhua) and his interaction with Vietnamese officials (China Daily, Global Times). Economic discussions continue, with the finance minister hinting at potential fiscal measures (Caixin Chinese, South China Morning Post). Hong Kong's website blocking practices are also highlighted (Hong Kong Free Press).
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10:08Xi's Diplomatic Outreach Amidst Economic Challenges

The newspapers report on Xi Jinping's diplomatic activities, including his congratulatory message to Ethiopia's new president (China Economic Net, Guangming Daily) and emphasis on people-to-people diplomacy (Beijing Daily). Economic issues remain prominent, with discussions on fiscal stimulus measures (VOA Chinese, Global Times) and potential solutions to trade imbalances with the EU and US (South China Morning Post).
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13:59
10月5日,在中华民国113年国庆晚会上,台湾总统赖清德抛出了一个“祖国论”,他说“就年纪来说,中华人民共和国是绝对不可能成为中华民国人民的祖国”......此番表述可能是受到了一段短视频的启发,而它确实在逻辑、事实层面有力回击了中共的宣传,具有相当强烈的解构作用。
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16:24Xi's Diplomatic Outreach Amid Economic Concerns

The newspapers report on Xi Jinping's diplomatic activities, including congratulating Ethiopia's new president (Beijing Daily, China Daily, China Military Online) and emphasizing people-to-people diplomacy (Beijing Daily). Economic issues remain prominent, with discussions on fiscal stimulus measures (Global Times, VOA Chinese) and the middle class's economic outlook (South China Morning Post). Taiwan's recent statements about its relationship with China continue to draw attention (China Digital Times, Secret China).
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