China will cut the amount of cash banks have to keep in reserve to aid smaller firms, Premier Li Keqiang said on Friday, although he didn’t say when the reduction would happen.
Tagged By banking
‘China economy will turn more to local market’
“The new structure led by the internal circulation doesn’t mean involution or ‘lying flat’,” said former Chongqing mayor Huang Qifan, adding that it would help the nation in opening up the economy.
Economics class: China cuts finance pledge to Africa amid growing debt concerns
What reasons might China have for reducing the amount of money it supplies to Africa through investment and loans? How has China’s trade surplus helped it engage in investment abroad?
China targets primary schools in drive to instill love for Communist Party in children
Xi Jinping recently ordered the party to strengthen its ideological leadership role in schools and do more to promote ‘socialist core values’.
China Economy Will Turn More to Local Market, Former Mayor Says
China’s economy will become more dependent on its domestic market even as it opens up further for global trade, former Chongqing mayor Huang Qifan said at the annual International Finance Forum on …
With its exit, Didi sends a signal: China no longer needs Wall Street
China’s leaders would rather keep tight control of its companies than open them up to investors on US markets.
China’s central bank to issue commemorative banknotes for Beijing Winter Olympics
China’s central bank has announced to issue a set of commemorative banknotes for the Beijing 2022 Olympic Winter Games. The set, which includes a polymer note and a paper note, will be unveiled on Dec…
China’s ride-hailing service Didi to leave US stock market amid tech crackdown
Didi gave no explanation, but China’s leaders increasingly fret about who controls information gathered about its public by e-commerce, ride-hailing and other tech companies.
China wants its casino paradise to become tech Mecca
The Chinese government plans to transform its largest casino den Macau into a regional technology hub the South China Morning Post reported citing tech …
CGTN: Democracy should not be decided by ‘self-appointed judges,’ China says in white paper
“There is no fixed model of democracy,” China said in an official document published on Saturday detailing its democratic endeavors, and whether a country is democratic “should be acknowledged by the …
China is getting worried about Africa’s indebtedness to it
The recently concluded ministerial level FOCAC meetings held in Dakar, Senegal saw the first decrease in China’s financing pledge to Africa – slashed down to $40 billion from $60 billion.
International Finance Forum Releases Global Finance and Development Report 2021
International Finance Forum (IFF) today released the Global Finance and Development Report 2021 (GFDR) and Global Green Finance Development Index (GGFDI) along with country rankings.
China will cut reserve ratios in timely way, says premier
China will cut banks’ reserve requirement ratios (RRR) “in a timely way”, state media on Friday quoted Premier Li Keqiang as saying, as the world’s second largest economy faces strengthening headwinds …
