“China is acting preemptively to prevent the yuan from falling, as they see the tariffs coming, which is bearish,” said Irene Cheung, foreign-exchange strategist at Australia & New Zealand Banking Gro… ( read original story…
Tagged By finance
China’s central bank pumps funds into market via MLF
BEIJING, Sept. 7 (Xinhua) — China’s central bank Friday injected 176.5 billion yuan (25.88 billion U.S. dollars) of funds into the market via the medium-term lending facility (MLF) to maintain liquid… ( read original story…
Financial aid given to 95.9 million students
China will further improve funding for students so that no one will have to drop out of school because of family financial difficulty. [Photo/VCG] China spent 188.2 billion yuan ($27.5 billion) last y… ( read…
Bank Fines Surge in China as Watchdog Battles Rising Bad Loans
China’s banking regulator is handing out fines at a record pace, as it battles a build-up of financial risk. The China Banking and Insurance Regulatory Commission, along with its predecessor agency, h… ( read original…
China says African countries don’t think cooperation adds to debt
BEIJING (Reuters) – African leaders attending this week’s summit with China don’t think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government’s top … ( read original story…
Pay-with-your-face systems and self-driving cars: Inside Baidu’s headquarters in Beijing
Like Alphabet in the U.S., the Chinese company is also working on a host of other technologies. CNBC recently visited its headquarters in Beijing , which is home to around 20,000 of its 40,000-person ……
China says retaliation ready if US tariffs go ahead
BEIJING — China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain “steady and healthy” economic growth, a government ……
Boost for “made in China” medicine as Chi-Med wins key approval
The London-listed company – which is known as Chi-Med and is collaborating with Eli Lilly on the drug – said on Wednesday that the National Medical Products Administration of China had approved … ( read…
China’s $29 trillion ball of money rolls to an ignored haven
Bank deposits, shunned for years by the nation’s return-hungry masses, are suddenly looking attractive again as higher-yielding investments prove riskier than many had anticipated. China’s household d… ( read original story …)
China’s 2018 financial commitments to Africa: Adjustment and recalibration
Beijing urgently needs a diplomatic win … reflecting China’s changing model of financial engagement in Africa. Evolving away from the previous “resources for infrastructure” model, China has been in… ( read original story …)
China’s $29 Trillion Ball of Money Rolls to a Long-Ignored Haven
Bank deposits, shunned for years by the nation’s return-hungry masses, are suddenly looking attractive again as higher-yielding investments prove riskier than many had anticipated. China’s household d… ( read original story …)
Beijing targets independent religions as party control tightens
Beijing’s largest independent Protestant church has lost its lease and prominent Muslim and Buddhist congregations are facing heightened pressure from authorities, as the Communist party steps up effo… ( read original story …)
China central bank to boost support for smaller firms
BEIJING (Reuters) – China’s central bank will improve its policy transmission mechanism to further step up financing support for smaller firms, its governor, Yi Gang, said in remarks published … ( read original story …)
