China’s central bank wants the total flow of credit to rise by almost a fifth this year, as part of efforts to push the economy out of the coronavirus-induced slump.That’s to be achieved through ……
FINANCE
China stocks firm as Beijing pledges reforms, liquidity
China stocks firmed on Thursday as policymakers assured investors that the economy is gradually recovering from the coronavirus crisis, while pledging more reforms and liquidity to bolster capital … ( read original story …)
Beijing Tightens Travel; U.K.’s Borrowing Spree: Virus Update
Beijing’s growing outbreak is posing a new test for Chinese President Xi Jinping. Outbreak in the city exceeded 150 in China’s worst flare-up since Wuhan.Japan is set to lift travel curbs Friday.Presi … ( read…
Beijing returns to coronavirus lockdowns, shut schools
With her 10-year-old son back in school for a week and having finished a busy period at work, finance executive Wang Ying was looking forward to having some time off on vacation.. Read more at…
China Signals Further Reserve Ratio Cut to Spur Bank Lending
China’s cabinet signaled that the central bank will act to make more liquidity available to banks so they can lend more, including by cutting the amount of money they have to keep in reserve. (…
China c.bank cuts 14-day reverse repo rate, injects net 40 bln yuan
China’s central bank on Thursday cut the rate on 14-day reverse repurchase agreements, as it resumed the use of the liquidity tool for the first time since February. ( read original story …)
China’s economic situation improving gradually, says vice premier Liu
China’s Vice Premier Liu He said the country’s economic situation has gradually improved, and that various indicators have shown marginal progress, in prepared remarks delivered on Thursday by the … ( read original story …)
China Asks Banks to Forgo $211 Billion to Help Boost Economy
China is counting on its massive banks to help bolster an economy facing its worst slump in four decades like never before.The government will push the financial industry to sacrifice 1.5 trillion … ( read…
Deadly clash in the Himalayas ups ante for China and India
Experts say a deadly clash between Indian and Chinese troops in a disputed border region high in the Himalayas shows China’s growing belligerence toward its nuclear-armed neighbor … ( read original story …)
Nielsen: Consumption recovery injects new vitality into China’s economy
The latest study by Nielsen, the global measurement and data analytics company, shows that there has been an improvement of consumption willingness as China has effectively controlled the contagion, … ( read original story …)
EWA: A Contentious Aussie-China Relationship Will Be A Headwind
EWA has been under-performing the S&P 500, and Australia’s benchmark index has also been lagging its regional peers. The fund’s June dividend saw a sharp year-o … ( read original story …)
Zero-Carbon Electrification and a Sustainable Future for China
Energy Transition Commission (ETC) and Rocky Mountain Institute (RMI) today jointly released the report Achieving Green Recovery for China: Putting Zero-Carbon Electrification at the Core. The report … ( read original story …)
Beijing returns to lockdowns, shut schools
With her 10-year-old son back in school for a week and having finished a busy period at work, finance executive Wang Ying was looking forward to having some time off on vacation.. Read more at…
