Zhou Xiaochuan, the former governor of the People’s Bank of China, said in a speech on Saturday that the digital yuan is designed to focus on transactions for people and merchants and not to replace…
Tagged By finance
China turns focus on supply chains, pledging more financial aid
China is taking stronger measures to stabilise supply chains, pledging financial aid and possible exemptions to allow some businesses activity to resume, to help limit the damaging effect of Covid …
China stocks fall on COVID concerns, reserve ratio cut disappoints
Heightened global risks from the war in Ukraine, and the COVID lockdowns in China and a weak property market have roiled its financial markets, with authorities vowing to stabilise them and support …
Analysts see less room for China rate cuts after ‘conservative’ RRR cut
The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central bank over inflation and U.S. monetary tightening, making further interest …
China stocks fall, unsupported by GDP, reserve-requirement cut
China stocks opened down on Monday, as market participants shrugged off a cut in the reserve requirement ratio that fell below their expectations, saying it might not be enough to reverse economic …
RPT-China data to show sharp March deterioration as COVID bites, but solid Q1 growth
China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to …
Analysts say China’s lockdown could have economic fallout
Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China’s strict zero-Covid policy.
Virus threatens China’s economic growth
BEIJING: The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious gross domestic product (GDP) target, analysts say, as supply chains snarl, ports face delays and …
China unlikely to achieve GDP targets as Covid-19 crisis worsens
With a property market slump and regulatory crackdowns last year the policymakers set the lowest annual GDP target for China in decades for 2022, reported Dawn …
China to continue opening-up to tackle rising uncertainties, support multilateralism
Amid rising challenges and risks posed by the COVID-19 pandemic, geopolitical tensions and US policies, China will continue to deepen reforms and open up its economy, while bolstering the domestic …
China unlikely to achieve GDP targets due to COVID-19 crisis
China’s Zero-COVID policy and its highhandedness in handling the COVID crisis is causing hiccups in supply chains, delays at ports and lockdown in Shanghai which in turn is posing a grave threat to …
China’s New Gold Project Is A Double-Edged Sword For Tajikistan
As Tajikistan grapples with the economic fallout from Russia’s war in Ukraine, China is offering an economic olive branch in the form of a brand new gold mining project …
China’s economic growth under threat as Covid-19 takes hold
The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious GDP (gross domestic product) target, analysts say, as supply chains snarl, ports face delays and Shanghai remains …
