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…
FINANCE
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…
What China’s central bank chief said at his press conference, as it happened
The central bank would cooperate with industry participants, including financial industry and technology firms, to develop inclusive finance, Zhou said, adding that the PBOC would grant incentives in credit policy. China still had large potential…
In Reshaping China’s Financial Regulation, Is Big Better?
Should China’s central bank become the super-regulator of its financial system? The question surfaced about a year ago, as a barrage of financial-market turmoil, complex and sometimes-fraudulent new investment products, as well as currency pressures…
China's corporate debt levels are excessively high: central bank governor
BEIJING China’s corporate debt levels are excessively high, the head of the central bank said on Friday. Banks cannot support firms with high leverage, People’s Bank of China Governor Zhou Xiaochuan told reporters at a…
China central bank chief says making monetary policy neutral will help supply-side reforms
BEIJING Making monetary policy neutral will help China’s supply-side reforms, the head of the central bank said on Friday. China’s monetary policy is prudent and neutral and the central bank has many tools at its…
China gives greenlight to dozens of Trump trademarks
SHANGHAI/WASHINGTON (Reuters) – China has granted preliminary approval for 38 trademarks … They list business areas including branded spas, massage parlors, golf clubs, hotels, insurance, finance and real estate companies, retail shops, restaurants … (…
China posts first monthly trade deficit in three years as imports soar
with China-bound exports dropping 13.4 percent. Elsewhere, Trump administration trade adviser Peter Navarro said on Monday that the $65 billion U.S. trade deficit with Germany was “one of the most difficult” trade issues. Meanwhile, the…
China Rapid Finance CEO Reports: China Consumer Finance Challenge Needs High-Tech Solution
Dr. Zhengyu (Zane) Wang, founder, chairman and CEO of China Rapid Finance Limited, revealed at the 2017 LendIt USA 2017 conference the challenges to expanding consumer finance in China’s population. According to Wang, the country…
Major Chinese corn region seeks more financial aid from Beijing
BEIJING, March 8 China’s second-largest corn-producing region has asked Beijing for more financial aid as farmers struggle with low prices and bulging stocks a year after the government ditched its decade-long buying policy and efforts…
