China’s central bank Tuesday conducted 100 billion yuan (15.7 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was …
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China’s Xi calls on nations to secure global supply chains
Chinese President Xi Jinping called on nations to secure global supply chains and prevent inflation shocks, as the leader of the world’s No.2 economy seeks a smooth path to clinching a …
China Stock Market May Add To Its Winnings On Tuesday
The China stock market on Monday snapped the two-day slide in which it had stumbled more than 75 points or 2.2 percent. The Shanghai Composite Index now rests just above the 3,540-point plateau and it…
2021: China’s GDP grows by 8.1%, fastest in 10 years 2021: China’s GDP grows by 8.1%, fastest in 10 years
China’s gross domestic product (GDP) grew by 8.1 percent last year, the largest jump since 2011, data from the National Bureau of Statistics (NBS) showed on Monday.
Xi calls for joint steps toward recovery, financial stability
President Xi Jinping has urged the major developed countries to adopt responsible economic policies amid a gloomy global economy, and warned them not to “slam on the brakes or take a U-turn” in their …
China tells coal producers to maintain output over Lunar New Year
China will tell coal producers to maintain normal production during the Lunar New Year holiday that starts at the end of this month, an official with the National Development and Reform Commission …
Hong Kong stocks halt two-day losses as Alibaba, property developers gain on China policy boost
Stocks appear to be on firmer footing in early trading as China’s economic slowdown strengthens expectations for further policy and market-friendly measures.
China Property Bond Losses Pass $82 Billion: Evergrande Update
China’s debt-saddled property developers have seen their offshore bonds lose $82 billion in value, and more losses and defaults are likely, analysts at Bloomberg Intelligence said.Most Read from …
Local start-up harnesses the power of artificial intelligence to tackle monumental task of financial translation
Targeting a major pain point in financial publishing, DeepTranslate’s translation service is now used by major financial institutions in Hong Kong, including HSBC, Guotai Junan and Ernst & Young.
China GDP growth for 2021 beats expectations, narrowing gap with US, but population crisis, virus cloud economic outlook
China’s economy grew by 8.1 per cent last year, beating most expectations. But a slowdown in the fourth quarter has pointed to trouble ahead amid a worsening demographic picture, slowing property …
China’s central bank cuts rates on medium-term loans, reverse repos
BEIJING – China’s central bank Monday cut the interest rates of its medium-term lending facility (MLF) loans and reverse repos by 10 basis points amid the country’s efforts to lower lending cost and …
Covid-19: Omicron reaches China’s political, financial and tech hubs
China has detected locally-transmitted omicron infections in the capital Beijing, the financial center Shanghai, and Guangdong …
CGTN: China calls for building an open world economy to create better post-COVID world
Global Risks Report warned that economic stagnation is the most serious challenge persisting from the COVID-19 pandemic. However, China is injecting confidence into the world economy with official …
