the country’s central bank. (Kyodo) BEIJING (Kyodo) — China’s central bank said Sunday it is cutting the amount of cash that large banks must hold as reserves, to ease credit and boost economic … (…
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China cuts bank reserve requirement to spur economy amid trade war
Interpol says Chinese official reported missing has resigned as agency’s president amid Beijing probe
Interpol said Sunday Meng resigned as president after China’s ruling Communist Party announced Meng is under investigation on suspicion of unspecified legal violations. Meng was first reported missing … ( read original story …)
Meng Hongwei: China confirms detention of Interpol chief
The Chinese authorities have confirmed what everyone already presumed: that Meng Hongwei was detained when his plane landed in China. The fact that news of his detention was released by Beijing’s anti … ( read…
China and the US are in a great power rivalry — not just in trade, but in tech, too
… and Security Review Commission this spring highlighted the specific threats posed by China’s increasingly central role as a supplier for high-technology gear, especially for products used by gover… ( read original story …)
Tennis: Wozniacki swats aside Sevastova to wear Beijing crown
(Reuters) – Australian Open champion Caroline Wozniacki defeated Latvia’s Anastasija Sevastova 6-3 6-3 in the China Open final to claim her third title of the season. The Dane, who did not drop … ( read…
China to Pump $174 Billion Into Its Economy as Slowdown and Trade War Loom
It has even censored bad economic news. On Sunday, Beijing went one step further. The People’s Bank of China, the country’s central bank, pulled a financial lever that will effectively pump $174 billi… ( read…
China slashes banks’ reserve requirements as trade war imperils growth
BEIJING (Reuters) – China’s central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns…
The humbling of Fan Bingbing is a warning shot from China to anyone who thinks they can defy them
China’s message is that “nobody is too high, nobody is above, nobody can escape government scrutiny,” Wye told Business Insider. He said that Fan’s humbling is “partly a periodic [drive] to crack down … (…
China central bank cuts reserve requirement ratio by 1 basis point
BEIJING (Reuters) — China’s central bank on Sunday cut some banks’ reserve requirement ratio by 1 basis point to inject an additional 750 billion yuan ($109.2 billion) into the banking system. ( read original story…
China Slashes Banks’ Reserve Requirements As Trade War Hits Growth
China’s central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic…
China Foreign-Currency Reserves Drop on Trade Tensions, Yuan
(Bloomberg) — China’s foreign-currency holdings fell in September, as heightened trade tensions with the U.S. fueled concerns of capital outflow and further yuan depreciation. Reserves declined by $2… ( read original story …)
China slashes banks’ reserve requirements to spur growth
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that most banks must hold as reserves to lower financing costs and spur growth, amid concerns over a ……
China orders more lending to entrepreneurs amid trade spat
It said the money was for small enterprises — the official term for private companies that generate China’s new jobs and wealth. The dispute with the U.S. is adding to downward pressure on an ……
