More measures to revive China’s property sector and the economy are likely at this month’s Politburo meeting, after the third plenum pledged to overhaul the industry, according to analysts.
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China keeps loan prime rate unchanged after surprise cut in July
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Tuesday after a surprise cut in July, with Beijijng maintaining ultra-loose monetary policies to help support …
China leaves key lending benchmarks unchanged, as expected
China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. The one-year loan prime rate (LPR) was kept at 3.35%, while the five-year LPR was unchanged at 3.
Asia-Pacific markets mostly set to rise; China loan prime rates and RBA minutes in focus
China’s central bank will announce its one-year and five-year loan prime rates today, with a poll of economists from Reuters expecting that rates will be left unchanged. Investors will also be assessing minutes from the…
China Unleashes Rapid Drop in New-Home Prices With Relaxed Curbs
A price war is spreading across China’s new-home market, as local governments dial back on intervention and developers race to recoup cash. In Beijing, a sudden 18% price cut in May at a mid-sized residential…
China, US enhance links to boost financial stability
[Photo/Sipa] The world’s two largest economies are strengthening financial cooperation through the China-United States Financial Working Group, in order to jointly address the new challenges brought …
China, U.S. to set up contact group for any future ‘financial stress events’
China’s central bank said a meeting in Shanghai produced an agreement with the U.S. Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s …
China’s new Hygon CPU spotted with 64 Zen cores — C86-7490 supports 12-channel DDR5 memory and resides in AMD SP5 socket
While U.S. sanctions prevent sales of advanced processors to China, there are no curbs that prevent the … Furthermore, mating the original Zen chiplets made using a 14nm-class process technology …
China, US to set up contact group for any future ‘financial stress events’
China’s central bank said a meeting in Shanghai produced an agreement with the U.S. Treasury to appoint contact people to deal with any future “financial stress events,” a rare example of the world’s …
China now classifies crypto transactions as money laundering
China just pulled the trigger on crypto transactions, classifying them as money laundering under its latest legal interpretation. This is the harshest stance yet from a country already known for its …
Reuters poll: China widely expected to keep lending benchmark LPRs unchanged in Aug
SHANGHAI (Reuters) – China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest rates in July. Shrinking interest…
China and Vietnam agree to build closer partnership as Xi hosts new leader on first overseas visit
In his first international trip since becoming leader, Vietnamese President To Lam met with Chinese President Xi Jinping in Beijing on Monday.
