“China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus.”
The new program widens the pool of applicants and adds loan types.
“These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.”
The country’s economy experienced a significant slowdown as it faces trade tensions with the United States.
The economy added 223,000 jobs in May. About 120,000 are needed to keep up with growth in the working-age population.
"Economic indicators so far aren't entirely convincing on a second-quarter bounce in activity," one economist says.
The rating agency says China's "financial strength will erode somewhat over the coming years" as a result of excessive economy-wide debt.
A lower corporate tax rate would not only raise net income after taxes, it could also increase a company's borrowing capacity.
The company is benefiting from healthy consumer spending but faces increased costs as it spends on digital payment initiatives.
In the first-quarter Duke/CFO Business Outlook Survey, global CFOs caution President Trump about trade policy.
The sluggish GDP report "marks a rough start to the [Trump] administration's high hopes of achieving 3 percent or better growth."
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