China’s defense minister Li Shangfu is reportedly under investigation … and Xu Hongcai was removed from the post of vice-minister of finance. The council also reported that Xiang Dong will no longer …
FINANCE
China Shrinks Budget Deficit in Sign of Weak Fiscal Support
China’s budget deficit continued to contract so far this year, a sign of weak fiscal support for the economy despite a slowdown in growth.
China’s new home prices drop faster as analysts turn ‘negative’ on property-sector outlook amid ‘not enough’ stimulus
International ratings agency Moody’s on Thursday downgraded the outlook for China’s property sector to “negative” from “stable”, citing potentially dampened sales under economic growth challenges.
Stock market today: Asian shares gain, led by China after Beijing eases required bank reserves
Asian shares are trading mostly higher, with solid gains for Chinese markets after the central bank eased the reserve requirements for banks. Chip designer Arm Holdings’ IPO on Nasdaq also …
China’s Central Bank Lowers Short-Term Policy Rate
China’s central bank cut a short-term policy rate on Friday, a day after saying it will lower the amount of deposits banks have to set aside as reserves …
China central bank cuts bank reserve ratio to support economy
BEIJING: China’s central bank said on Thursday (Sep 14) it would cut a benchmark ratio for the amount of cash banks must hold in reserve to “consolidate the foundation of economic recovery”.
China Cuts Bank Reserve Requirements to Aid Fiscal Stimulus
China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, a move that will help banks support government spending and Beijing’s broader effort to stoke …
China’s tanking economy will hurt the US more than some experts think, top economist David Rosenberg says
China’s tanking economy will have a bigger impact on the US than some experts think, according to top economist David Rosenberg. In an op-ed for the Financial Post on Tuesday, the Rosenberg Research …
China cuts bank reserve requirements to bolster economy
The People’s Bank of China lowered the reserve requirement ratio for most banks, in a bid to encourage them to lend more.
China Frees Banks to Lend More in Latest Attempt to Spur Economy
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
China cuts banks’ reserve ratio for second time in 2023 to aid recovery
China’s central bank said on Thursday it would cut the amount of cash that banks must hold as reserves for the second time this year to boost liquidity and support the country’s economic recovery. The…
China’s Central Bank Cuts Reserve Ratio to Spur Lending
China’s central bank is freeing up nearly $70 billion of bank reserves in an attempt to boost the sluggish economy. The People’s Bank of China will cut the so-called reserve requirement ratio by a qua…
China cuts banks’ reserve ratio to aid recovery
China’s central bank will cut banks’ reserve requirement ratio by 25 basis points from Sept. 15, it said in a statement on Thursday.
