China’s central bank said on Thursday it conducted 500 billion yuan ($70.24 billion) of outright reverse repurchase agreements in October.
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China’s central bank conducts 500 bln yuan of outright reverse repos in October
China’s central bank holds steady with 200 billion yuan net bond purchase
Consistency of bond purchase, kept at the same level as previous month, seen as key gauge of China’s monetary and fiscal policy coordination.
Businesses Ready Price Hikes on Imports to Offset Trump Tariff Costs
Many manufacturers and retailer relying on imports are already planning to pass on the added expenses from proposed protectionist duties to customers.
BIS to leave China-backed central bank digital currency project
The Bank for International Settlements said on Thursday it would quit the cross-border payments platform Project mBridge, raising questions about how the scheme backed by China will evolve at a time …
A little-known startup is acquiring enormous diamonds—and using blockchain tech to shake up a $100 billion industry
For more than a century, Antwerp has been a crucial hub for a $100 billion global industry—one that virtually defines love and commitment, and one that has fueled vicious wars and terrible …
China’s navy flexed new muscles in the South China Sea with its first dual aircraft carrier drills
China’s People’s Liberation Army Navy conducted its first-ever dual carrier operation this month, flexing new muscles as it builds a fleet of aircraft carriers and an ever-larger naval force. Photos …
Marc Andreessen says US carmakers need to make a $20,000 EV if they don’t want to ‘lose the auto industry’ to China
Marc Andreessen and Ben Horowitz said Chinese electric vehicles from companies like Xiaomi are beating US offerings on both price and quality.
College student from China charged in Michigan illegal ballot case
A student from the University of Michigan faces criminal charges after authorities say an illegal ballot was cast in a rare case of a non-U.S. citizen voting.
China Tells Its EV Makers To Not Invest In EU Countries That Approved Tariff Hikes
Read: BYD Will Fight EU Tariffs By Producing Most EVs In Europe. Just as the new tariffs were enforced, Reuters reports that the Chinese Ministry of Commerce has told local car ma …
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Janet Yellen and Chinese central banker discuss financial monitoring and money laundering
US Treasury Secretary Janet Yellen has met with China’s deputy central bank governor Xuan Chengneng in Washington this week to discuss coordination on financial market monitoring and money laundering.
China’s Safest Banks 2024
Its GDP is forecast by the International Monetary Fund to decline to 5% in 2024 from 5.3% in 2023, falling to 4.5% in 2025. To help bolster the weakening economy and ailing real estate sector,…
China’s Historic Stimulus Package: What It Means for Altcoins Like Conflux and the Crypto Market
With China set to roll out a massive $1.4 trillion stimulus package, altcoins, particularly Chinese-oriented ones like Conflux, could see explosive growth. Here’s what investors need to know.
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