China’s central bank said on Wednesday it would lower the borrowing cost of its seven-day reverse repurchase agreements, as Beijing stepped up monetary easing to support the broad economy in the face …
FINANCE
China to cut key rates by 10 points, bank reserve requirement by 50 points in bid to boost economy
China will cut its key policy rate by 10 basis points and lower the reserve requirement ratio by 50 basis points.
How ‘eating bitterness’ has pushed China’s enraged workers to the brink
Much of China’s apparent modernization benefits not its own people, but the rest of the world through subsidized exports — and Donald Trump’s tariffs are hitting workers hard.
China’s firm hand restores calm after Asia’s wild currency moves
China’s economic clout means yuan seen as anchor for currencies across the region. Read more at straitstimes.com. Read more at straitstimes.com.
China warns US tariff war ‘huge risk’ to world economy
BEIJING: China’s finance minister lashed out at US tariffs for bringing “unprecedented huge risks” to the global economy, according to an article published by his ministry on Tuesday (May 6). The worl …
China Plans Wednesday Briefing on Market Stabilization Measures
China’s central bank and financial regulators will hold a press briefing on Wednesday to discuss policies aimed at stabilizing markets, as the country’s economic outlook comes under increasing threat …
Protests erupt in China after furious workers demand back pay as Trump’s tariffs on imports jolt economy
Protests from furious factory workers in China demanding back pay are spreading across the country after President Trump’s tariffs on Chinese imports begin impacting the communist …
China’s yuan ends at six-month high as carry trades unwind
China’s yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets and back into …
Sitharaman urges ADB to speed up financing deals; US, China spar over funding
Sitharaman urged the ADB to make quick progress on capital expansion and capital management measures so that its lending limits do not affect the borrowing programmes of developing countries.
Bill Ackman: Trump tariffs on China should be paused and taken down
On April 9, the Trump administration announced a 90-day pause on all reciprocal tariffs except for those on goods from China. Tariffs on one of the US’s most important trading partners now stand at …
Japan, China, South Korea, ASEAN enhance regional financial safety net
Japan, China, South Korea and the 10 ASEAN countries agreed to enhance their regional financial safety net by launching a new lending facility aimed at swiftly responding to crises caused by pandemics …
Trump tariffs live updates: No plans for Trump-Xi talks, Ackman floats China pause
It’s up to me, it’s not up to them.” Trump also signaled that his aides are having conversations with counterparts from China. Financial markets have steadied in the past two weeks amid signs that …
Seoul, Tokyo and Beijing join Asean in statement warning against protectionism
A growing chorus of opposition to protectionist trade policies centered around U.S. President Donald Trump’s agenda is emerging across Asia, with China taking a prominent role.
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