US Federal Reserve lowered its benchmark rate less than a day before China is expected to release its latest economic stimulus plan.
FINANCE
China expected to announce highly anticipated fiscal stimulus package
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
China mandates banks for $2bln bond issuance in Saudi Arabia, term sheet shows
SYDNEY – China has mandated investment banks to work on a three- and five-year U.S. dollar bond issuance in Saudi Arabia, showed a term sheet reviewed by Reuters on Friday. The issuance will be senior…
China is saving its fiscal ‘firepower’ for Trump tariffs: Expert
Chinese stocks — according to the CSI 300 Index (000300.SS) — hit a one-month high on stimulus optimism from the government and better-than-expected export data despite concerns about the impact of President-Elect Donald Trump’s proposed…
China Congratulates Trump as Ties Set to Enter New Phase
China extended its congratulations to Donald Trump for his victory in the US election, while the president-elect reportedly spoke on the phone with Chinese leader Xi Jinping.Most Read from BloombergParis Restricts Through Traffic in City…
Amid China-US trade ‘conflicts’, Beijing calls for burying the hatchet
Mofcom message comes as Trump revels in re-election win after vowing higher tariffs on China, and with EU officials in town for ‘intensive’ negotiations China is looking to “resolve conflicts” in …
China’s central bank pauses gold purchases for sixth straight month
China’s central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released on Thursday. China’s gold holdings stood at 72.8 …
China to steadily push forward financial opening-up: central bank
BEIJING – China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, …
Chinese exports soar as Beijing braces for Trump trade tensions
Bumper export figures are expected to inflame tensions between the incoming administration and Beijing, which could respond to new tariffs with bigger stimulus action.
China’s central bank head pledges to support economic recovery
BEIJING: China will continue to implement a supportive monetary policy to help promote sustained economic recovery, Pan Gongsheng, governor of the People’s Bank of China, said in remarks published on …
Why China’s economy is more vulnerable to Trump tariffs this time
China may be able to boost external sales in areas where its … the analysts calculated – levels unseen since the 1990s Asian financial crisis. Worried about capital outflows, authorities tried to …
China’s central bank head pledges to implement supportive policy
China will continue to implement a supportive monetary policy to help promote sustained economic recovery, Pan Gongsheng, governor of the People’s Bank of China, said in remarks published on Thursday.
China Tells Banks to Cut Interbank Deposit Rates to Boost Growth
Chinese regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to boost the economy, according to people familiar with the matter.
