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.
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USD/CNY: Renminbi falters ahead of key China and US news
The renminbi crash continued this week ahead of key economic events in the United States and China. The USD/CNY soared to a high of 7.15 on Tuesday, the highest level since November last year. Its…
China holds live-fire drills in East China Sea north of Taiwan
China began military exercises in the East China sea to the north of Taiwan on Tuesday, including live-fire exercises from warships, as the U.S and its allies conduct their drills in the Western Pacific.
Marketmind: China steals the show before US inflation
A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI)…
Pimco Says Stronger Support Needed for Rebound in China Property
China’s beleaguered property sector needs a more comprehensive policy approach and a wider usage of different funding channels for a meaningful recovery, according to Pacific Investment Management Co.
For global companies, China needs to be the core
Business leaders are grappling with many questions, including the feasibility of decoupling, the impact of technological innovations, the changing role of China in global institutions and blocs, and the possibility of negative scenarios like all-out…
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 …