BEIJING: China’s central bank and insurance regulator urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19 outbreaks. Financial …
Monthly Archives For April 2022
Interview: RMB sees rising importance as Chinese economy grows, says London finance policymaker
With China being the second largest economy in the world and poised to grow further, it is “only natural” that the importance of its currency renminbi (RMB) is also growing, the City of London policy…
COVID-19 update: Shanghai allows 4 mn citizens out of homes as restrictions ease
Authorities imposed rules that confined most of Shanghai’s 25 million people to their homes starting March 28 following a surge in infections.
Japan posts trade gap far wider than forecasts as China exports slow, energy imports soar
Japan recorded a trade deficit in March that was more than four times wider than market forecasts, as China-bound exports slowed sharply while soaring energy prices raised the cost of imports, adding …
Guiyang to house more luxury brands with new shopping mall
Guiyang, capital of the mountainous Guizhou province in Southwest China, will launch its first high-end shopping mall with luxury brands this year, reflecting luxury brands’ increasing investments in …
Stocks wobble as China lockdowns drag; yen wallows
Oil and stock markets were under pressure on Wednesday on worries about the fallout from China’s pandemic lockdowns, while the yen slightly extended its record losing streak as traders put Japan’s …
China aims to form international standard organizations for cyber dominance
Beijing has considerably improved its ability to secure approval for its initiatives and to reject those that it does not support using a variety of strategies …
With surge in fresh infections, China logs 2,753 new COVID-19 cases
Witnessing a surge in new COVID-19 cases, China on Tuesday reported 2,753 locally transmitted confirmed cases, the National Health Commission said on Wednesday. Of these new locally transmitted cases, …
China unexpectedly keeps lending benchmark unchanged
China surprisingly kept its benchmark lending rates steady on Wednesday, with markets seeing the move as Beijing’s cautious approach to rolling out more easing measures as the economy slows due to …
Solomon Islands PM says security pact with China won’t undermine regional peace
Solomon Islands’ decision to sign a security pact with China will not hurt or undermine peace and harmony in the region, Prime Minister Manasseh Sogavare told parliament on Wednesday.
China cenbank urges stepped-up efforts to support contact-intensive service sector
China’s central bank urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19, it said in a statement on Wednesday. The People’s …
China: PBoC’s relief measures for Covid are mostly window guidance
China’s central bank (PBoC), released some measures to help people and companies affected by Covid. Most of the measures are window guidance to …
China’s lockdowns could drive more U.S. policy action, says Fed’s Kashkari
If lockdowns in China aimed at containing COVID-19 cause further disruptions to global supply chains, the Federal Reserve will need to take even more aggressive action to bring down “much too high” …
