Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC] BEIJING — China’s central bank said on Monday that it will lower the collateral requirement for …
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Xi Vows to Rewire China’s Finances, Help Indebted Regions
China’s top leader mapped out measures for fixing the debt … both issues by incentivizing officials to lift consumer spending and offering them a new finance stream. Slapping additional taxes on …
China central bank says cuts two key rates to support economy
China’s central bank on Monday cut two benchmark interest rates in a bid to boost lagging growth in the world’s second-largest economy.
China’s third plenum holds out hope for debt-hit local governments with funding reform
China to aim for ‘clear division’ of central-local responsibilities and coordinated finances, full text of third plenum decisions shows.
Xi Jinping unveils sweeping plans to fix China’s $9 trillion hidden debt crisis
as foreign leaders accuse Beijing of using exports to compensate for weak demand at home. Giving a larger portion of consumption tax to regions could address both issues by incentivizing officials to …
China’s central bank battles perceptions that deflation is taking hold
HONG KONG — China’s economy faces growing deflationary pressure, and its central bank is trying to keep pessimism at bay by pushing up interest rates. This month, the People’s Bank of China (PBOC) …
Here’s how China can fund its third plenum goal of high-quality development
Given China’s weakened financial position, it must embrace low-cost reforms that drive growth without adding to budget pressures.
Top U.S. general: ‘We’ve got to do better’ at countering China and Russia in America’s own backyard
U.S. officials and private companies have “to do better” at engaging allies across Central and South America to counter aggressive Chinese and Russian moves in the region, SouthCom commander Gen.
China Has Invested a Staggering $169.3 Billion in This Country in 2 Decades
China’s Belt and Road Initiative (BRI) was founded on a desire to increase China’s connectivity with Europe and Africa.
China to Improve Supervision Mechanism for Finance Industry
China will improve its supervision mechanism for the $66 trillion financial sector and regulate all sorts of financial activities, according to the ruling Communist Party’s long-term plan for the …
Beijing promises to support ‘high-quality development’—and signals a tolerance of slower growth
Some Chinese citizens are branding the post-pandemic era “history’s garbage time”, referring to a game when a losing team has no chance of a comeback.
Foreign financial institutions upbeat on China’s economy
BEIJING: Overseas financial institutions have expressed their confidence in the prospects of China’s economy, as the country’s high-quality growth efforts are gradually paying off.
Wall Street’s record hot streak just hit a wall
You can blame China, Trump, Apple, and Nvidia.
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