China’s central bank has not cut interest rates since October 2015, when worries about deflation were more pressing, opting instead for regular injections of funds into the financial system and targeted infusions of cash into…
Tagged By banking
China finance chief exit derails Japan hopes for yuan deal
BEIJING — When China’s reformist Finance Minister Lou Jiwei stepped down in November, Japan found its hopes of rekindling bilateral currency cooperation on rough terrain. The Chinese Ministry of Finance was thrown into confusion Nov.…
China November trade rises unexpectedly in sign of global pick-up but Trump clouds 2017
BEIJING (Reuters) – China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting…
China considers easing foreign investment limits
Shanghai (AFP) – China has indicated it could relax restrictions on foreign investment in some sectors as it struggles to counter an overseas exodus of capital, while facing accusations of protectionism from US President-elect Donald…
China pledges to increase openness with foreign investment rules
BEIJING (Reuters) – China moved towards opening up markets such as railway equipment and vehicle batteries on Wednesday with the publication of draft foreign investment guidelines which it said would “increase openness to the outside…
China’s Credit Binge Has Driven Its Banks to Hide $2 Trillion in Loans
With China’s latest economic growth recently being driven by unprecedented levels of debt, that debt is gaining increased attention. Two years ago the focus turned to shadow banking, the non-bank financing that included runaway wealth…
China Nov forex reserves fall more than expected to lowest in nearly six years
Last month’s drop in reserves was the largest since January, when a sharp fall in the yuan and worries about China’s slowing economy raised fears that Beijing could devalue its currency for a second year…
HSBC launches its first credit cards in China
HSBC will begin issuing credit cards in China on Monday, the first time that the bank has done so in its own right, marking the latest stage in its expansion in the Pearl River Delta…
WWE Chief Financial Officer Lays Out Timeline for Continued China Expansion
WWE chief strategy and financial officer George Barrios laid out the professional wrestling company’s timeline for their ongoing China expansion. “As far as where do we have more to do, [it] is China and some…
Daimler may make electric cars in China to boost sales
STUTTGART (Reuters) – Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.…
China must step up reforms to curb rising leverage, distortions: U.S. treasury official
Nathan Sheets, the Under Secretary of the Treasury for International Affairs, said that China’s non-financial corporate sector debt – at about 145 percent of gross domestic product (GDP)- is among the highest for major economies,…
China’s internet finance revolution
Internet finance may be a new development in China but its impact is now everywhere. Peking University has developed an index which measures the growth and structure of internet finance across China. It records that…
China trainmaker CRRC to build more plants abroad in expansion plan: China Daily
SHANGHAI (Reuters) – Chinese trainmaker CRRC plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on…
