China’s central bank, the People’s Bank of China, doesn’t have a single primary monetary policy tool like the U.S. Federal Reserve. The PBOC instead uses multiple methods to control money supply and i… ( read…
Tagged By finance
China should not reopen the spigot of easy money
In 2009 China launched probably the biggest ever peacetime stimulus, issuing debt to fund an investment programme amounting to 12.5 per cent of gross domestic product. It aimed to offset the impact of … (…
China Biologic Reports Financial Results for the Second Quarter of 2018
— 2Q18 Total Sales Up 25.5% YoY and Non-GAAP Adjusted Net Income Down 2.8% YoY in RMB terms, or Total Sales Up 34.8% YoY to $120.4 Million and Net Income Down 7.7% YoY to $28.6…
China says it will retaliate with tariffs on $60 billion in US goods
China’s Ministry of Finance also released a statement to the same effect. Here is a corrected Google translation of the statement: A spokesperson of the Ministry of Commerce made a statement on China’ … (…
China announces $60B of US goods for tariff retaliation
BEIJING — China on Friday announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat. The Financ… ( read original…
Kudlow Says Trump Won’t Back Off as China Expands Trade War
analyst at the Bank of China’s Institute of International Finance in Beijing. “Any talks in the future, should they happen, should be conducted on an equal and faithful basis.” Story Continues Beijing … ( read…
The Finance 202: Trump team ramps up China trade fight on currency claims
Robin Brooks, chief economist at the Institute of International Finance, tells me he is “strongly of the … Erica Werner (@ericawerner) August 2, 2018 Talks between Washington and Beijing have stalle… ( read original story…
China says it wants to resolve differences with U.S. ‘on equal footing’
SINGAPORE (Reuters) – China is willing to resolve differences with the United States on an equal footing, the Chinese government’s top diplomat said on Friday after meeting U.S. Secretary of State Mik… ( read original…
China’s Didi, Ant Financial weigh joint $2 billion Ofo buyout: source
HONG KONG (Reuters) – Chinese ride-hailing giant Didi Chuxing and Alibaba’s (BABA.N) Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 ……
China’s Didi, Ant Financial weigh joint $2 bln Ofo buyout -source
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup … Load Error A deal would mark the latest stage of consolidation in China’s once-booming bi… ( read original story…
China’s indebted conglomerates pile into anti-poverty push
The amounts of money being pledged are unlikely to affect the companies’ financial positions materially … Property developer Evergrande, one of China’s most indebted companies, whose bonds are rated … ( read original story …)
People’s Bank of China hires two new deputy governors in battle against financial risks
China’s central bank has boosted the number of its deputy governors to fulfil its expanding role in battling financial risks in the word’s second-largest economy. The People’s Bank of China (PBOC) add… ( read original…
China Junk Bonds’ Longest Winning Streak Unnerves Investors
The return of China’s dollar-denominated junk bonds from the brink with the longest rally on record is showing signs of strain. After 13 straight days of declines, yields on Chinese speculative-grade … ( read original…
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