China’s central bank still has many policy tools to guide yuan expectations and the currency is unlikely to have persistent sharp depreciation, a former People’s Bank of China (PBOC) official said.
FINANCE
China Cbank Fully Rolls Over Medium-Term Policy Loans, Rate Unchanged
Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo …
China PBOC Holds Key Policy Rates; Likely Signals Same for Benchmark Rates
The Chinese central bank held its key policy rates steady, which may mean the same holding pattern for benchmark lending rates later this month.
Analysis – A $1 trillion headache: China’s local fiscal shortfall poses broader growth risks
By any account, $1 trillion seems huge. That’s the scale of budget shortfalls facing Chinese provinces, reducing their fiscal firepower to fund infrastructure spending and tax cuts, and raising risks …
Zambia finance minister eager to renegotiate debt, awaits China’s team
Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African …
Global finance leaders say China is the main obstacle in bringing debt relief
Western countries this week increased their criticism of China, the world’s largest bilateral creditor, as the main obstacle to debt restructuring for the growing number of countries that cannot …
Developing country debts: G7 attacks Beijing
The Chinese are not participating in multilateral talks on debt relief for the poorest nations. China also wants the World Bank and International Monetary Fund to agree to a cut. This year develo …
President Xi sees trade restrictions on China ‘as a major confrontation,’ former ambassador says
Former United States Ambassador to China Max Baucus joins Yahoo Finance Live to discuss Chinese President Xi Jinping, the expectations for China’s pivotal national congress, trade restrictions, …
China’s Top Central Banker and Finance Minister Vow Support for Economy
China will push banks to lend more to some sectors and speed up the rollout of existing economic support policies, the country’s central bank governor and finance minister said. People’s Bank of China …
Financial implications of China’s Communist Party National Congress
CNBC’s Seema Mody joins ‘Power Lunch’ to report on China’s Communist Party National Congress, which kicks off on Sunday. The Congress will likely hand Xi Jinping, China’s top leader, for another five …
Rare anti-Xi protest in Beijing days before China’s Communist Party meet
The big focus of this episode of Newstrack is on the rare protest against Xi Jinping in Beijing ahead of the key National Congress of the Chinese Communist Party.
How financial technology can discriminate against people speaking minority dialects – new evidence from China
Research into Chinese peer to peer lending data shows that borrowers from regions with more minority dialects receive smaller loans.
Xi faces painful gear shift as China’s investment-led growth sputters
American businessman Brody Shores’ furniture business in China grew on a model that leaned heavily on the promise of an enduring property boom and homebuyers desperate for fully furnished new …
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