Reserves increased to $3.073 trillion in December from $3.062 trillion the previous month, the People’s Bank of China said Monday. That slightly exceeded the median estimate of $3.072 trillion. Key In… ( read original story…
FINANCE
China upbeat ahead of US trade talks, but differences large
China’s leaders have tried to defuse complaints by emphasizing the country’s potential as an export market. They have announced a series of regulatory changes over the past year to increase foreign ac… ( read original…
China cuts bank reserve ratio to spur lending
BEIJING — China’s central bank decided on Friday to lower the level of cash that banks must hold as reserves by 1 percentage point to support private companies caught between the U.S. trade war ……
China Banking Body to Develop Multi-Use Blockchain Platform With Major Banks
Chinese banking blockchain platform will be built with funds from various banks and the United Nations Development Bank. China’s new interbank blockchain platform to be sponsored in part by the … ( read original story…
China’s dollar debt: A crisis in the making
Bulls have long argued that China’s financial risks are contained because of the country’s low levels of external debt and large foreign-exchange reserves. That has changed. China’s external debt has … ( read original story…
China’s Moon Landing May Fuel Humanity’s Drive to Other Galaxies
(Bloomberg) — China landed a probe on the far side of the moon on Thursday with remarkably little fanfare, yet the feat is one giant leap for a nation that’s long been regarded as an…
No, China Isn’t Winning the Space Race
(Bloomberg Opinion) — On Wednesday, China successfully landed its Chang’e-4 spacecraft on the moon’s far side — an impressive technological accomplishment that speaks to China’s emergence as a major … ( read original story …)
China Pours $218 Billion Into the Economy as Growth Slows
The People’s Bank of China on Friday said it would cut the amount of cash that banks must hold as reserves by one percentage point. The move will essentially free up 1.5 trillion Chinese renminbi,…
China’s central bank to pump US$210 billion into ailing economy
The policy move was announced hours after Chinese Premier Li Keqiang told the central bank to make universal cuts of the ratio as part of Beijing’s efforts to bolster economic growth having cut … (…
China Overrides Japan as Asian Stocks Markets Stage Comeback
A gauge of financial firms was poised for its best day since October. Li said China will strengthen its counter-cyclical macro policy adjustment and will further cut taxes and fees.After a choppy star… ( read…
China slashes banks’ reserve requirements again as economy slows
China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year – freeing up $116-billion for new lending as…
China Financial Stocks Surge as Li Keqiang Visits Big Banks
Chinese financial stocks surged Friday as Premier Li Keqiang visited the nation’s biggest banks and pledged more support for the economy. Li met staff at Industrial & Commercial Bank of China Ltd., Ch… ( read…
China Cuts Banks’ Reserve Ratio to Ratchet Up Support for 2019
(Bloomberg) — China’s central bank acted to release cash into the economy to support growth, cutting the amount of cash lenders must hold as reserves by 1 percentage point. The required reserve ratio … (…
ADVERTISEMENT
