Across China, cities are locking down their residents, supply lines are rupturing, and officials are scrambling to secure the movement of basic goods — as its largest ever recorded outbreak of …
Monthly Archives For April 2022
China Central Bank Holds Back on Rate Cut With Focus Now on RRR
China’s central bank refrained from cutting interest rates and injecting liquidity into the economy on Friday, disappointing analysts who had expected more forceful action to cushion growth from …
China banking and insurance sectors’ bad-loan ratio was 1.79% at end-March: regulator
China’s top banking and insurance regulator said on Friday non-performing loans of the country’s banking and insurance industry totaled 3.7 trillion yuan ($580.54 billion) in the first quarter and the …
In an unexpected move, China holds back on cutting key rate
China’s central bank in a surprise move kept a key interest rate unchanged on Friday, despite expectations for more stimulus as Beijing grapples with a Covid surge.
China’s central bank adds liquidity via operations
China’s central bank on Friday added liquidity to the banking system through operations of medium-term lending facility (MLF) and reverse repos. The People’s Bank of China injected 150 billion yuan …
China PBOC Keeps Key Policy Interest Rates Unchanged in Surprise Move
China’s central bank kept its key policy interest rates unchanged, going against market expectations of a rate cut, to shore up the cooling economic growth amid the flare-up of Covid-19 outbreaks.
UPDATE 1-China keeps medium-term policy rate unchanged, but markets expect more easing
China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday, despite Beijing calling for more monetary stimulus to cushion an …
China’s central bank keeps medium-term policy rate unchanged
The People’s Bank of China (PBOC) said it was keeping the rate on 150 billion yuan ($23.52 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged …
7 Cryptos to Watch as Macroeconomic Headwinds Hit the Blockchain
Now, several cryptos are sitting atop or just below critical technical thresholds, begging the question, what’s next? In the near term, the virtual currency market could suffer additional volatility.
China’s anti-corruption watchdog involved in probe of Jack Ma’s Ant
Chinese Communist Party’s anti-corruption watchdog was one of the institutions involved in a recent investigation into relationships between billionaire Jack Ma’s Ant Group …
DHL launches freight route between Shenzhen and Leipzig, Germany
DHL Express said on Thursday that it has launched a new airfreight route that links the southern Chinese city of Shenzhen in Guangdong province with Leipzig, Germany, which will further enhance air …
An iconic arena that’s nestled in northern Beijing
It was hazy, the kind of day that gave a hint of the warmth to come when summer reaches its height in the coming weeks. We had taken a Didi to one of the gates…
COVID: At least 44 cities in China under lockdowns
China is struggling to contain the surge of the ultra-contagious omicron variant of the coronavirus. A new report shows at least 44 Chinese cities are now under full or partial lockdowns.
