China’s central bank announced on Tuesday that it would cut the amount of cash that most banks are required to hold in reserve – the first reduction since February 2016 – to release cash into…
Monthly Archives For April 2018
Buick unveils electric concept car in China, where the brand is more popular than it is in the US
Buick unveiled an electric concept car Tuesday in China, which remains the brand’s biggest market, by far. The Buick Enspire is an all-electric sport utility vehicle that can drive zero to 60 mph in 4…
China to open auto market as trade tensions simmer
Germany’s BMW (BMWG.DE), which has a big stake in trade relations between Beijing and Washington as the biggest exporter of vehicles from the United States to China, welcomed the car decision. “We believe a more…
China currency moves hang in the balance in U.S. trade spat
(Reuters) – U.S. President Donald Trump’s latest complaint about China devaluing its currency is off base. But the yuan could potentially become a major sticking point in efforts to resolve the trade dispute between the…
Beijing Forges Ahead With ‘Made In China’ Policy, Targeted By Proposed U.S. Tariffs
After three rounds of tariffs and counter-tariffs, both actual and proposed, the U.S. and China appear deadlocked, with the possibility of a trade war still looming. China remains defiant in the face of U.S. threats,…
Report: China’s Silk Road Plan Serves Beijing Security Goals
HONG KONG — A new study says a massive Chinese infrastructure program that Beijing says is aimed at promoting global trade and economic growth is actually intended to expand the country’s political influence and military…
China to open up auto sector, even as it slaps new tariffs on animal feed
China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its trade dispute with U.S. President Donald Trump as it promotes electric car development. The…
China to Release $200 Billion for Banks With Cut in Reserve Requirement
BEIJING—China’s central bank said it would free up more than $200 billion for banks to lend and repay short-term loans, signaling fresh worries about slowing momentum for economic growth amid rising trade tensions with the…
China central bank announces surprise cut in bank reserve requirements
China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium term lending facility. The move…
UPDATE 1-China c.bank announces surprise cut in bank reserve requirements
BEIJING, April 17 (Reuters) – China’s central bank said on Tuesday it will cut the amount of cash most commercial and foreign banks must hold as reserves to pay back loans obtained via its medium…
Online consumers in Asia buy three times more banking products than less tech-savvy peers, says McKinsey
The figure for mainland China more than tripled to 60 per cent in the same period. McKinsey’s study also found that in developed Asian markets, internet banking penetration rose to 97 per cent in 2017,…
China c.bank says still needs to keep reserve ratios relatively high
BEIJING, April 17 (Reuters) – China’s central bank still needs to maintain relatively high reserve requirement ratios for banks to fend off financial risks, it said on Tuesday as it announced plans to cut ratios…
China to allow full foreign ownership in auto industry
BEIJING — China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other…
