The People’s Bank of China pledged to steady the yuan and step up support for the economy as doubts grow over a recovery.
FINANCE
China’s economic recovery fades as services, factory activity show weakness
Momentum from an economic recovery in China early this year has faded further, with activity in the services industry and construction sector dropping to its weakest level since December, according to …
China’s Central Bank Expands Lending Instruments by CNY200 Billion
China’s central bank has expanded lending instruments by a combined 200 billion yuan ($27.58 billion) for the nation’s small businesses and the …
China’s PBOC Asks Foreign Banks About Dollar Deposit Rates Amid Weak Yuan – Sources
China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with the matter said, as authorities …
China panda bond issuance hits record as low rates spur yuan borrowing
Foreign companies are issuing local currency bonds in China at record pace, lured by lower borrowing costs and government incentives aimed at promoting global use of the yuan.
China’s Slowdown Could Spell Trouble For The Asian-Pacific Region And The World
Since the Great Recession, China’s annual GDP growth has slowed, from around 14% in 2007 to about 4.5% recently, below the official targets. China’s economic slowdown is partly a numbers game. High …
FINANCE BRIEFING: Yellen Plans Economic Talks in Beijing in July
Treasury Secretary Janet Yellen plans to visit Beijing in early July for the first high-level economic talks with her new Chinese counterpart, people familiar with the scheduling said.
External financial assets of China’s banking sector hit 1.57 trln USD
External financial assets of China’s banking sector reached 1.57 trillion U.S. dollars at the end of March, official data showed on Thursday. The banking sector’s external financial liabilities stood …
Financial sanctions may not deter China from invading Taiwan
A few months ago the China Select Committee in America’s House of Representatives took part in a war game, complete with tabletop maps and blue and red counters. It simulated a Chinese invasion of …
Antony Blinken says he told Beijing officials that US does not seek to ‘contain’ China
The perception that the US intends to “contain” China “economically and globally” was a “lengthy part of the discussions” when US Secretary of State Antony Blinken met this month with his Chinese …
Factbox: Policy measures China’s central bank could use to stem yuan weakness
China has ramped up its effort to slow the depreciation of the yuan against the dollar this week and market participants widely believe that the People’s Bank of China (PBOC) may follow up with more…
Most markets rise as traders weigh central bank rate plans
BEIJING – Most markets rose in Asia on Thursday, building on the previous day’s advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation.
China’s yuan eases despite firmer-than-expected guidance fix
China’s yuan eased against the dollar on Thursday, despite the central bank setting the daily midpoint fixing stronger than expected, in what investors interpreted as an official attempt to rein in …
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