Citi’s economic surprises index for China data is at its highest level in 17 years, and the market sees upside risk for Tuesday’s releases on GDP, retail sales and industrial output.
FINANCE
China central bank boosts liquidity support with roll over of medium-term loans
China’s central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while keeping the …
China pumps $25 billion in funds to banks while keeping key rate on hold
The People’s Bank of China offered 170 billion yuan ($25 billion) of funds to banks through the medium-term lending facility. That resulted in a 20 billion yuan net injection in April, the smallest …
Morning Bid: Are we calling it a banking crisis, shock … or blip?
The broader tone this week will be set by investors’ stance on the U.S. banking crisis. Or shock. Or blip. The solid recovery in equities and slump in market volatility gauges suggests investors are …
How Can China Contain Its $8.3 Trillion Fiscal Crisis?
One may even argue that China is now a safer place for investors after Beijing tightened regulations on unruly local banks and aggressive home builders. But there is one more elephant in the room: …
China-US relations: Washington unites around mission to prevail over Beijing by boosting defence spending
Bipartisan accord is rare on Capitol Hill, making budget requests for military spending easier to justify Programmes addressing a potential contest with China – such as long-range cruise and …
China’s Central Bank Chief Yi Gang Hints At Ending Currency Intervention
The governor of the People’s Bank of China recently said that China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market.
UPDATE 2-China’s c.bank chief signals phasing out currency intervention
PBOC will guide policy so real rates move below potential rate * China must allow market forces to drive yuan moves more – Yi * Hard to separate monetary, prudential tools in times of crisis…
G-20 Chair Sees ‘Positive Signs’ From China on Debt Deadlock
China is sending encouraging signals about breaking a deadlock among global creditors over how to manage poor-country debt distress, according to an Indian official helping to lead Group of 20 efforts …
China Giving ‘Positive Signs’ on Debt Deadlock, G-20 Chair Says
China is sending encouraging signals about breaking a deadlock among global creditors over how to manage poor-country debt distress, according to an Indian official helping to lead Group of 20 efforts …
China’s central bank chief signals phasing out currency intervention
China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market, the country’s central bank governor said on Saturday, underscoring Beijing’s …
Central bank pledges stronger support for real economy
The People’s Bank of China (PBOC), the central bank, has pledged to implement a more targeted approach to the prudent monetary policy and provide stronger support for China’s real economy. In a …
China’s central bank says will keep liquidity ample, stabilise growth
China central bank said on Friday it will keep liquidity ample, stabilise growth and jobs and focus on expanding domestic demand. The People’s Bank of China will focus on supporting the expansion of …