China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second …
FINANCE
Over 180,000 prosecuted in China for financial fraud since 2018
Since 2018, procuratorial organs across China have filed charges against more than 180,000 people suspected of committing financial fraud and disrupting the financial management order. More than …
Palestinian President Abbas begins China visit as Beijing seeks larger role in Mideast
Palestinian President Mahmoud Abbas began a visit to China on Tuesday that comes as Beijing is seeking a larger role in Middle East politics and competing for energy resources.
China’s yuan weakens after the central bank cuts a key short-term rate
T he People’s Bank of China cut its seven-day reverse repurchase rate by 10 basis points from 2% to 1.9%, according to a central bank release, injecting 2 billion yuan ($279.97 million) through its …
China’s central bank cuts short-term borrowing cost for first time since Aug
China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world’s …
China’s Central Bank Cuts Key Policy Rate
The Chinese central bank’s move to cut a key policy rate may guide down benchmark lending rates.
China Cuts Short-Term Policy Rate as Recovery Weakens
China’s central bank unexpectedly cut its short-term policy interest rate, easing its monetary stance to help aid the economy’s recovery. Most Read from BloombergElizabeth Holmes Objects to …
China Bonds Rally With Analysts Seeing More Rate Cuts From PBOC
China’s sovereign bonds rallied, while its yuan weakened toward a closely watched-level after the central bank unexpectedly cut a policy rate. Property stocks also gained on hope of more stimulus.
China’s factory gate prices fell at fastest pace in 7 years in May: Report
China has been tackling a sharp decline in prices with factories getting less for their products from key overseas markets. The producer price index (PPI) for May reduced by 4.6 per cent, witnessing a …
China invests 7.3b yuan for work-relief programs in 2023
The work-relief programs are aimed at people in need, especially rural residents who have been lifted out of poverty, vulnerable individuals prone to return to poverty, and migrant workers returning …
Demand grows for Asian investment products that exclude China
Global fund managers say they are rushing to meet client demand for new Asian investment products that exclude China, as investor appetite for the region’s largest economy is hit by slowing growth and …
Hong Kong’s role as China’s only global financial hub must be cherished and protected
In the Global Financial Centres Index, Shanghai is ahead of Sydney, Seoul, Tokyo, Frankfurt and Mumbai, but still below New York, London, Singapore and Hong Kong Economic and trade power is not enough …
Billionaire Ray Dalio Issues Warning About Rise Of China, Why He Thinks U.S. Is On The ‘Brink Of War’
The Bridgewater founder tells the Forbes Iconoclast Summit that history points to a weakening of American influence.
