China’s top economic planner has mapped out measures to restore and expand consumption in a wide-ranging plan to bolster growth. Detailed plans on promoting the consumption of automobiles, electronic products, and household items have been…
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China appoints new central bank governor as economy flags
China replaced its central bank chief on Tuesday, state media said, as the world’s second-largest economy struggles to revive flagging growth. Economist Pan Gongsheng will take the place of outgoing …
China names Pan Gongsheng new central bank governor as twice-a-decade finance conference approaches
Pan Gongsheng formally replaces Yi Gang at the helm of the People’s Bank of China Analysts say Pan’s many years of experience at the central bank give him a critically important vantage point from …
Safety first in China under new central bank governor
BEIJING (Reuters) – China’s new central bank governor Pan Gongsheng brings with him the reputation of a firefighting technocrat, signalling growing concerns among the country’s leadership over …
China names new central bank governor as twice-a-decade finance conference approaches
China’s data security must be put under microscope … and new regulatory requirements will soon be unveiled at the upcoming National Finance Work Conference that generally convenes twice a decade.
China names Pan Gongsheng to lead central bank, succeeding Yi Gang
Get the full experience.Choose your plan The governor of the People’s Bank of China is the most prominent Chinese figure in finance circles but the post’s powers are limited. The bank is controlled by …
Yuan jumps as Beijing vows to boost economy; euro and pound stem losses
China’s yuan strengthened after the country’s top leaders pledged to step up policy support for the flailing economy, while the euro and sterling steadied after several days of declines as investors …
China’s gold consumption reaches 555 tons, rising 16.4% in the first half of 2023
China consumed 554.88 tons of gold in the first half of 2023, up 16.37 percent year-on-year, data from the China Gold Association (CGA) showed on Tuesday, as Chinese citizen’s income continues to rise …
Chinese Female Tycoon Gains $1 Billion After Beijing Vows To Support Struggling Property Sector
Wu Yajun, the billionaire cofounder of real estate developer Longfor Group, added $1.1 billion to her net worth on Tuesday.
Beijing’s stimulus talk sends iron ore miners flying
BHP, Rio Tinto, and Fortescue Metals soared on Tuesday as investors bet on rising commodity demand and prices to fuel China’s economic recovery.
China’s Politburo Calls Quicker Issuance of Local Gov’t Special Bonds
China’s positive fiscal policies have been mostly having two tools in recent years, policies to cut taxes and fees to ease companies’ burden and stimulate the market and large-scale special local …
China State Banks Seen Selling US Dollars to Prop up Yuan -Sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with …
Nio helps lead strong China stock rally amid upbeat economic commentary, while Alibaba shares get a lift
U.S.-listed shares of Chinese stocks were getting a lift Monday after reports of upbeat economic commentary from the government.
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