The People’s Bank of China made clear its stance of favoring downward interest rates and down payment ratio for individual housing loans at a work meeting held Tuesday. The stance is part of the …
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Starbucks’ sales in China come roaring back
Starbucks’ China business is back after dropping due to Covid restrictions last year. In the three months ending on July 2, sales at Chinese locations open at least 13 months spiked 46% year-over-year …
China’s central bank vows to use multiple policy tools to ensure a steady economic recovery in H2
The People’s Bank of China (PBC), the central bank, on Tuesday vowed to use multiple policy tools to ensure reasonable and sufficient liquidity, support the stable and sound development of the real …
Beijing issues 20 measures
CHINESE authorities on Monday issued 20 measures to boost domestic consumption, including support for expanding real estate and auto sales, underscoring the country’s intensifying efforts to ensure …
Beijing, northern China boost rescue efforts after worst storm in years
China’s finance ministry announced it would allocate 110 million yuan ($15 million) for rescue work in the Beijing-Tianjin-Hebei region. Doksuri, one of the strongest storms to hit China in years, …
China allocates $15.35 million for rescue work in Beijing-Tianjin-Hebei after heavy rains- state media
China’s finance ministry and emergency management ministry on Tuesday allocated 110 million yuan ($15.35 million) for rescue work in the Beijing-Tianjin-Hebei area after heavy rains, CCTV news …
Typhoon Doksuri wreaks havoc in Northern China, scores dead, many missing; Beijing flooded
In an unprecedented disaster, the remnants of Typhoon Doksuri have unleashed torrential rains and floods in northern China, resulting in disruption of services, food shortages, an …
Beijing boosts recovery efforts after typhoon disaster, casualties
China’s finance ministry announced it would allocate 110 million yuan ($15 million) for rescue work in the Beijing-Tianjin-Hebei region. Doksuri, one of the strongest storms to hit China in years, …
Exclusive-China asks some banks to reduce or delay dollar buying -sources
The People’s Bank of China (PBOC) did not immediately respond to a Reuters’ request for comments, while the State Administration of Foreign Exchange (SAFE) told Reuters that exchange rate expectations …
Paraguay courts Taiwanese investors, warns against China reliance – finance minister
Paraguay is seeking more Taiwanese investment to diversify its farm-driven economy focused on exporting raw materials to China, incoming Finance Minister Carlos Fernandez Valdovinos said in an …
China pledges financing support for small firms amid weak economic recovery
Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to small businesses, suggesting an urgency among policymakers to revive the private sector amid a flagging …
China is suddenly dealing with another public health crisis: mpox
While the scale is vastly differently than covid, the government is already repeating some of the same mistakes.
China’s Interbank Discount Rate Sank to Yearly Low in July Mainly due to Seasonal Factors
At the end of June, the discount rate on semi-annual and three-month interbank bills issued by state-owned and joint-stock commercial banks sank to 1.4 and 1 percent, respectively. But new yuan loans …
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