SEJONG, South Korea South Korea does not have firm evidence that China has retaliated for Seoul’s deployment of a U.S. missile defense system, so no action has been taken against Beijing, South Korea’s finance minister…
FINANCE
China supports opening financial markets for better forex flows, central bank deputy says
China’s policymakers support opening financial markets for capital and investment to flow both in and out of the country, according to central bank Deputy Governor Pan Gongsheng. China would push ahead on oversight and enforce…
China Construction Bank : Oriental march
Since formal diplomatic relations between the UAE and China were established in 1984, bilateral trade between the two countries has grown from $63 million in 1984 to $54.8 billion in 2014 and is estimated to…
Eric Peters: “If China And The World Bank Are Right, We're Headed For A Depression”
“Some people blindly invested offshore and were in a rush to do so,” explained China’s central bank chief, justifying his recent capital controls. “Some of this outbound investment was not in line with our own…
Government vows to control risks in financial markets
The latest evidence of tighter risk control are the coordinated efforts by the People’s Bank of China, the central bank, and the regulators of the banking, securities and insurance industries to draft a comprehensive regulatory…
China’s Central Bank Governor urge public not to panic over forex stockpile
China now still holds the largest foreign exchange reserve stockpile in the world, much higher than the runner-up, Zhou Xiaochuan, the governor of the People’s Bank of China said on Friday, but stressed that there…
Not Rolex, not Cartier … guess what’s China central bank chief’s watch of choice?
BEIJING — While the 1.5 hour morning press conference by the head of China’s central bank may not have moved the financial markets, his taste for timepieces spurred a flurry of comments on social media.…
China Student Aid Development Report 2016
The year 2016 saw China continue to improve its student aid policies and increase related funds as a result of the combined efforts of financial and education ministries, local governments and schools. The improvements have…
China should moderately control budget deficit ratio: vice finance minister
China has maintained a budget deficit target of 3 percent of … to stave off risks from a binge of borrowing taken on to soften the impact of the global financial crisis. “As the economy…
China's yuan exchange rate to be stable this year – central bank governor
BEIJING China’s central bank chief said on Friday he expects the yuan exchange rate to be stable this year. People’s Bank of China Governor Zhou Xiaochuan added that exchange rate fluctuations are normal. Zhou made…
China Central Bank Admits It Has A Debt Problem, Warns No Easy Solution
It’s a well-known risk, perhaps the biggest to the global financial system: China’s debt is too high, with estimates ranging from 250% to 300% of GDP per the IIF: And while China has largely ignored,…
China central bank chief shrugs off foreign reserves decline
BEIJING — Zhou Xiaochuan, China’s central bank governor, told reporters on Friday that the sharp depletion of China’s foreign reserves is not worrying, but a natural phenomenon. His remarks came after the People’s Bank of…
China corporate debt levels excessively high, no quick fix: Official
BBEIJING: China’s corporate debt levels are too high but it will take time to bring them down to more manageable levels, the head of the central bank said on Friday (Mar 10), underlining an uphill…
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