A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI)…
Monthly Archives For June 2023
Pimco Says Stronger Support Needed for Rebound in China Property
China’s beleaguered property sector needs a more comprehensive policy approach and a wider usage of different funding channels for a meaningful recovery, according to Pacific Investment Management Co.
For global companies, China needs to be the core
Business leaders are grappling with many questions, including the feasibility of decoupling, the impact of technological innovations, the changing role of China in global institutions and blocs, and the possibility of negative scenarios like all-out…
China’s yuan weakens after the central bank cuts a key short-term rate
T he People’s Bank of China cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, according to a central bank release, injecting 2 billion yuan ($279.97 million) through its …
China’s central bank cuts short-term borrowing cost for first time since Aug
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world’s …
China’s Central Bank Cuts Key Policy Rate
The Chinese central bank’s move to cut a key policy rate may guide down benchmark lending rates.
China Cuts Short-Term Policy Rate as Recovery Weakens
China’s central bank unexpectedly cut its short-term policy interest rate, easing its monetary stance to help aid the economy’s recovery. Most Read from BloombergElizabeth Holmes Objects to …
China Bonds Rally With Analysts Seeing More Rate Cuts From PBOC
China’s sovereign bonds rallied, while its yuan weakened toward a closely watched-level after the central bank unexpectedly cut a policy rate. Property stocks also gained on hope of more stimulus.
China’s factory gate prices fell at fastest pace in 7 years in May: Report
China has been tackling a sharp decline in prices with factories getting less for their products from key overseas markets. The producer price index (PPI) for May reduced by 4.6 per cent, witnessing a …
China invests 7.3b yuan for work-relief programs in 2023
The work-relief programs are aimed at people in need, especially rural residents who have been lifted out of poverty, vulnerable individuals prone to return to poverty, and migrant workers returning …
China cuts key policy rate in ‘clear loosening signal’ to support economy after weak trade, inflation data
China’s consumer prices grew mildly in May, while factory-gate deflation deepened, adding to concerns over the economy. Export growth also tumbled in May, indicating weak external demand. During his …
As America paints crypto into a corner, the Bank of China issues $28m of tokenised securities on Ethereum
While the war on crypto in the US commanded by generals SEC chair Gary Gensler and Democratic senator Elizabeth Warren is in full assault mode, it seems like the Bank of China, via Hong Kong,…
The scarcity of water is emerging as a global economic threat. With China and India looking the most at risk
India, now the world’s most populous nation, will be the hardest hit from water scarcity. Despite holding 18% of the world’s population, it only has enough water resources for 4% of its people, hence making…
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