Lou said the central bank can alleviate the pressure on commercial banks’ profits by launching structural monetary policy tools to drive the cost of banks’ liabilities lower.
FINANCE
China economy: Beijing must follow words with action to restore growth and confidence
The raft of second-quarter economic data should lay to rest lingering doubts about China’s post-pandemic recovery having run its course Beijing’s macroeconomic policies are out of sync with reality, …
China has to stabilize its housing market and address risks to its economy if it wants to avoid ‘Japanification’, JPMorgan says
financial imbalance, and an aging population. The comparison comes from the early 1990s, when Japan endured a spell weak economic growth, low inflation, a broad decline in asset prices, and a “balance …
U.S. lawmakers accuse prominent investment firms of steering dollars to China
The House Select Committee on the Chinese Communist Party launched an investigation into two lucrative New York-based global investment firms suspected of funneling U.S. dollars into blacklisted …
The End of China’s Economic Miracle
Initially, some parts of China’s economy did indeed grow: pent-up demand for domestic tourism, hospitality, and retail services all made solid contributions to the recovery. Exports grew in the first …
China hits back at allegations of obstruction during G20 climate talks
China’s protestations come afterThe Financial Times reported last week that China, the world’s largest emitter, had refused to debate crucial issues such as emissions targets, and was backed up by oil …
Analysis-China holds the key to avoiding Argentina’s IMF default. The price tag is unknown
A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap…
WRAPUP 2-Major global firms warn of slow China sales as post-pandemic surge fades
“What we’re seeing is a very cautious consumer in China, a declining property market and reduced export demand,” Unilever finance chief Graeme Pitkethly told an April-June earnings call last week. “And there is high unemployment…
Where are the headquarters of the world’s biggest companies? A few global cities are major corporate magnets
In the galaxy of cities that host corporate headquarters, Beijing is the biggest star. A stunning 15% of revenue generated by the Global 500 last year—$6.1 trillion—went to companies based in China’s …
China allocates $15.35 million for rescue work in Beijing-Tianjin-Hebei after heavy rains, state media report
China’s finance ministry and emergency management ministry on Tuesday allocated 110 million yuan ($15.35 million) for rescue work in the Beijing-Tianjin-Hebei area after heavy rains, CCTV news …
Factbox-China’s Measures to Support the Economy Amid Faltering Recovery
Low commission rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%. Aug. 2 – China’s finance ministry unveiled a package of tax relief measures for small businesses…
Decoupling from Beijing ‘an illusion’, says French finance minister
French finance minister Bruno Le Maire said France was totally opposed to the idea of decoupling. (AP pic) BEIJING: France’s finance minister said during a visit to Beijing on Sunday that cutting all …
China Releases Package of Tax Relief Measures to Support Small Firms
BEIJING (Reuters) – China’s finance ministry on Wednesday unveiled a package of tax relief measures to support small businesses and rural households, as the world’s second-largest economy struggles …
