China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how …
FINANCE
Influence Nodes: China’s High-Profile Global Development Projects
Governments around the world, including that of the United States, have grown increasingly anxious about the nature and impacts of Chinese-financed global development projects. One source of concern …
China Unveils Car Tax Cut Details in Bid to Boost Spending
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergStocks Trim Gains as Inflation Concerns Increase: Markets WrapNATO Should Think …
Banking sector ratchets up support for economy
BEIJING: As Covid-19 continues to weigh on the world’s second-largest economy, China’s banking sector has added support measures, channeling funds to where they are needed the most. In times of …
Russia could make the dollar less attractive with negative interest rates on deposits to help elevate China’s yuan and other currencies
Sanctions have increased the appeal of alternatives to the dollar and euro, Russia’s central bank said, referring to China’s yuan in particular.
British pound is taking on ’emerging market’ characteristics, Bank of America says
Sterling is in danger of becoming an “emerging market” currency as falling growth and growing risks cause investors to flee the pound, according to Bank of America.
Test case Zambia exposes China’s rookie status on debt relief – sources
China’s lack of experience with tricky debt restructurings and slow coordination among its public lenders is holding up debt relief for Zambia, a test case for the top emerging market creditor, three …
Sea feud with China flares as Marcos prepares for presidency
The Philippine government has announced a new diplomatic protest against China over disputes in the South China Sea …
China to halve purchase tax for small-engine cars
China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by locked downs imposed in major…
China announces detailed stimulus measures to support virus-hit economy
The stimulus package underscores Beijing’s shift toward growth after Covid control measures pounded the economy and threaten Beijing’s 5.5% growth target for the year …
China Rushes Bond Sales to Spur COVID-Hit Economy, More Seen Needed
China’s cabinet unveiled a raft of policy measures last week to support an economy jolted by stringent COVID-19 curbs, but analysts believe more stimulus will be needed to help sustain a recovery. The …
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …
central bank adds liquidity via reverse repos
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s …