British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world’s number two economy as UK borrowing costs soar. They may seek to revive …
FINANCE
Reeves seeking financial ‘common ground’ with Beijing while on Chinese trip
Reeves will meet with her Chinese counterpart Vice Premier He Lifeng in Beijing and is being accompanied by Bank of England Governor Andrew Bailey …
China’s Market Support Falls Short as Economic Gloom Deepens
An escalation of China’s fight against bearish traders has failed to allay fears that the world’s second-largest economy is headed for a deflationary spiral.
China’s yuan boost fails to lift gloomy economic outlook
China’s economy is a disaster, and it’s no secret. The government’s latest attempt to stabilize the yuan and calm the markets is falling flat, leaving traders and analysts unimpressed. Despite frantic …
China will send envoy to Trump’s inauguration to “improve relations” – FT
Chinese leader Xi Jinping will send a high-ranking envoy to Donald Trump’s inauguration, signalling a reduction in tensions between China and the incoming US administration. Source: Financial Times, citing several individuals familiar with the negotiations…
UK Treasury chief heading to China to revive suspended economic and financial talks
The Treasury said Friday that Rachel Reeves will travel to Beijing and Shanghai and will meet with her Chinese government counterpart, Vice Premier He Lifeng. Reeves’ trip is expected to revive the China-U.
China has ample fiscal space to bolster growth this year
China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said on Friday.
China targets ‘proactive’ fiscal policy
As China navigates the everchanging domestic and international landscapes, policymakers are well-equipped with “ample policy space and a diverse tool kit”, Liao said at a news conference, stressing …
China’s Xi Jinping to send top-level envoy to attend Trump inauguration
Chinese president Xi Jinping has confirmed that he will send one of China’s top envoys to attend President-elect Donald Trump’s January 20 inauguration.
Why China’s central bank has stopped bond purchases
The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.
China Vows ‘Very Proactive’ Fiscal Policy Before Trump’s Return
China said it will adopt a proactive fiscal policy and speed up the implementation of pro-growth measures, as Beijing works to increase public spending this year to bolster an economy threatened by …
China’s central bank suspends treasury bond purchases
BEIJING, Jan. 10 (Xinhua) — The People’s Bank of China announced on Friday that it has decided to temporarily suspend treasury bond purchases in the open market, starting from this month.
How to trigger Trump: Britain’s cozy China trip risks America’s anger
Reeves’ mission has become more desperate as the U.K. economy continues to falter, with borrowing costs this week reaching 1998 levels and the pound tanking, threatening the government’s pledge to …
