BEIJING, Sept 13 (Reuters) – China’s central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People’s Bank of China (PBOC) said on Wednesday …
FINANCE
China sperm bank runs contest for ‘high quality’ university student samples
While some young people in China have taken to “lying flat” and dropping out of the rat race and cut-throat environment in the country, one tournament has reignited the competitive spirits of some …
China’s Central Bank Vows to Support Demand, Price Rebound
China’s central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People’s Bank of China (PBOC) said on Wednesday, citing a unnamed senior …
China’s finance ministry to issue 5 bln yuan of treasury bonds in Macao
BEIJING, Sept. 13 (Xinhua) — China’s Ministry of Finance said in a statement on Wednesday it will issue 5 billion yuan (about 700 million U.S. dollars) of yuan-denominated bond in the Macao Special Administrative Region…
China drops Xu Hongcai from role of vice finance minister
BEIJING, Sept 13 (Reuters) – China removed central bank official Xu Hongcai from the position of vice finance minister, the human resources ministry said in a statement on Wednesday. Xu is a member of the…
China’s central bank conducts 65-bln-yuan reverse repos
BEIJING, Sept. 13 (Xinhua) — China’s central bank conducted 65 billion yuan (about 9.04 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Wednesday. The move aims to …
China’s Local Governments Are So Cash-Strapped They Use Police to Raise Revenue
Local authorities are imposing larger fines and seizing assets to help boost their coffers. In some cases, police have gone after alleged offenders hundreds of miles away.
China’s growth is buried under great wall of debt
Where is Wen Jiabao when you need him? China’s former premier is remembered for his decision to unleash a huge state spending plan after the 2008 financial crisis. Today’s leaders wish they could …
Ex-Chairman of Top China Insurer Given Suspended Death Sentence
China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi Jinping’s crackdown on corruption in the financial industry continues. Wang Bin, …
L’Oreal cut to sell as Deutsche Bank flags China risks
Shares of European luxury goods groups pressured the French stock-market on Tuesday after L’Oreal was downgraded by Deutsche Bank.
China growth optimism slumps back to ‘lockdown lows’; big stimulus unlikely, says BofA survey
China’s central bank and financial regulator recently issued notices to ease some borrowing rules to aid homebuyers, including lowering the existing mortgage rate for first-home buyers and the down …
Walter Isaacson’s new Elon Musk biography is already taking off in China
BEIJING — Walter Isaacson’s new biography of Elon Musk hit the Chinese market Tuesday, several hours ahead of the U.S. release due to a time difference that puts Beijing 12 hours ahead of New York.
China aims to increase supply of high-end electronic devices
China aims to increase the supply of high-end electronic devices to boost consumption and bolster the economy, according to a plan jointly issued by the …
