Construction workers in Shenzhen, in China’s southern Guangdong province. When China abandoned its lockdown-heavy “COVID zero” policy late last year, it was widely predicted that the nation’s economy …
FINANCE
China central bank to keep policy ‘precise, forceful’ amid faltering recovery
BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment, amid a slowdown in the …
China will keep yuan basically stable, step up macro policy adjustments, says central bank
China’s central bank said today it will step up macro policy adjustments, and implement prudent monetary policy in a precise and forceful manner.
China Central Bank Vows to Support the Currency as Slide Deepens
The People’s Bank of China pledged to steady the yuan and step up support for the economy as doubts grow over a recovery.
China’s economic recovery fades as services, factory activity show weakness
Momentum from an economic recovery in China early this year has faded further, with activity in the services industry and construction sector dropping to its weakest level since December, according to …
China’s Central Bank Expands Lending Instruments by CNY200 Billion
China’s central bank has expanded lending instruments by a combined 200 billion yuan ($27.58 billion) for the nation’s small businesses and the …
China’s PBOC Asks Foreign Banks About Dollar Deposit Rates Amid Weak Yuan – Sources
China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with the matter said, as authorities …
China panda bond issuance hits record as low rates spur yuan borrowing
Foreign companies are issuing local currency bonds in China at record pace, lured by lower borrowing costs and government incentives aimed at promoting global use of the yuan.
China’s Slowdown Could Spell Trouble For The Asian-Pacific Region And The World
Since the Great Recession, China’s annual GDP growth has slowed, from around 14% in 2007 to about 4.5% recently, below the official targets. China’s economic slowdown is partly a numbers game. High …
FINANCE BRIEFING: Yellen Plans Economic Talks in Beijing in July
Treasury Secretary Janet Yellen plans to visit Beijing in early July for the first high-level economic talks with her new Chinese counterpart, people familiar with the scheduling said.
External financial assets of China’s banking sector hit 1.57 trln USD
External financial assets of China’s banking sector reached 1.57 trillion U.S. dollars at the end of March, official data showed on Thursday. The banking sector’s external financial liabilities stood …
Financial sanctions may not deter China from invading Taiwan
A few months ago the China Select Committee in America’s House of Representatives took part in a war game, complete with tabletop maps and blue and red counters. It simulated a Chinese invasion of …
Antony Blinken says he told Beijing officials that US does not seek to ‘contain’ China
The perception that the US intends to “contain” China “economically and globally” was a “lengthy part of the discussions” when US Secretary of State Antony Blinken met this month with his Chinese …