Beijing will release new measures involving foreign exchange management reform, cross-border use of yuan and investment and financing facilitation. [Photo/VCG] BEIJING – Beijing will attract … ( read original story …)
FINANCE
China signals more stimulus as economic slowdown deepens
This year, China will step up fiscal expenditure and implement larger tax and fee cuts. The cuts will focus on reducing burdens for small firms and manufacturers, the finance ministry said in a statem… (…
China Vows Tax Cuts on Larger Scale to Support Economy
deputy governor of the People’s Bank of China, Xu Hongcai, assistant minister at the Ministry of Finance and Lian Weiliang, vice chairman of the National Development and Reform Commission on Tuesday. … ( read original…
China’s $300 Billion Tax Cut Is Key Growth Stabilizer: JPMorgan
The change of approach is being driven largely by China’s large debt load, which makes funding a splurge on bridges and railways — like that following the 2008 financial crisis — dangerous for … (…
China Vows Tax Cuts on Larger Scale to Shore Up Sagging Economy
deputy governor of the People’s Bank of China, Xu Hongcai, deputy minister of the Ministry of Finance and Lian Weiliang, deputy chairman of the National Development and Reform Commission on Tuesday. ( read original story…
China Doubles Foreign Investment Limit in Further Opening
China doubled the limit of one of the main foreign investment channels into the world’s second biggest economy, continuing to open up its financial system even as the country’s trade war with the U.S. ……
Why Trump’s America is rethinking engagement with China
The detention of Meng Wanzhou, chief financial officer of Huawei, was extraordinary because the US justice department had not told the White House about the warrant to arrest the daughter of the found… ( read…
China’s US trade surplus hit record in 2018 but tariffs bite
China traditionally imports vast quantities of American soybeans … in order to keep employment, the financial sector, foreign trade, foreign investment” stable, Li said, adding there are some “hidde… ( read original story …)
China outlines tax cuts to stimulate economy
China will cut value-added tax rates for selected industries and provide tax rebates for others as part of its efforts to boost a slowing economy. Xu Hongcai, assistant to the finance minister, outlin… ( read…
China’s finance ministry says will step up fiscal expenditure this year
BEIJING (Reuters) – China’s finance ministry said on Tuesday that it will step up fiscal expenditure this year and implement larger tax and fee cuts. At the same time, the government said it will redu……
China central bank says RRR cut and reverse repo operations meant to keep liquidity ample
SHANGHAI (Reuters) – Cash injection through reverse repo operations in China and funds released from cuts to the reserve requirement ratio (RRR) were “meant to keep banking system liquidity reasonably … ( read original story…
China’s Big Banks Throw a $22 Billion Test at Hybrids Market
That includes what could be the largest such offering China’s domestic market has ever seen: Bank of Communications Co.’s 60 billion yuan issue. The fundraising total would be twice the amount raised … ( read…
China’s Banks Can Handle a Rate Cut
Bank stocks in China are underperforming, a sign the market is worried about them. Should you be? Banks make up a big part of indexes for onshore Chinese stocks and are therefore in many portfolios…
