China in essence told the country’s banks on Sunday that they do not have to sock away as much for a rainy day, allowing them to lend the money instead. The central bank said that,…
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China Moves to Shore Up Economy as Slowdown and Trade Fight Loom
As trade war looms, China cuts some banks’ reserve requirements to boost lending
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate…
The Changing Face of Beijing
Walking through Beijing’s hutongs – alleys bordered by rows of single-story courtyard houses that criss-cross the city – it is immediately apparent that the Chinese capital’s urban landscape is changing rapidly. A large proportion of…
Baidu Partners With China Mobile in AI, 5G, and Driverless Cars
Baidu (NASDAQ:BIDU) and China Mobile (NYSE:CHL) recently signed a sweeping strategic partnership that pools their resources in “frontier areas” including AI, big data, 5G networks, and driverless cars. China Mobile, the largest wireless carrier in…
Beijing to unlock Dh396bn with bank reserves cuts
China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan (Dh396.63bn) of liquidity, as it seeks to control leverage and support smaller companies. The required…
China’s central bank frees up US$100 billion in funding as trade war looms
China’s central bank said on Sunday it would unlock at least US$100 billion for the country’s lenders to bail out troubled state firms and to help small businesses, as Beijing tries to shore up growth…
China’s central bank to cut reserve requirements
BEIJING: China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by 50 basis points to free up funding for small firms as a trade war with the US…
3 reasons why China’s viral video app Douyin is not good for luxury brands
In 2018, it seems like everywhere you turn in China, people are talking about Douyin. The social media app lies halfway between Musical.ly and Snapchat, offering users the opportunity to post and send photos, live-stream…
US Defence chief to visit China amid South China Sea tensions
BEIJING — U.S. Defence Secretary Jim Mattis, who has accused China of “intimidation and coercion” in the South China Sea, visits Beijing this week as the countries increasingly spar over U.S. arms sales to Taiwan…
China Mobile Shaanxi and Huawei Jointly Implement World’s First Large-Scale Cloud-based BNG Deployment
[Xi’an, China, June 22, 2018] China Mobile Shaanxi and Huawei have jointly carried out the world’s first large-scale commercial deployment of cloud-based BNG. This commercial deployment marks a smooth upgrade from the traditional BNG solution…
China to Unleash $108 Billion in Reserve Cut for Some Banks
China’s central bank will cut the amount of cash some lenders must hold as reserves, unlocking about 700 billion yuan ($108 billion) of liquidity, as it seeks to control leverage and support smaller companies. The…
China cuts some banks’ reserve requirement ratios to steady liquidity
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) to accelerate the pace of debt-for-equity swaps…
China central bank cuts some banks’ reserve requirement ratios by 50 bps
BEIJING (Reuters) – China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) in a move designed to stimulate lending…
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