China’s central bank left its short-term borrowing rates unchanged on Thursday, choosing not to follow its U.S. counterpart, which raised its benchmark rate just hours earlier. The decision follows th… ( read original story …)
Tagged By finance
World Bank expects China’s economic growth to slow to 6.2 percent in 2019
The World Bank’s outlook on China’s 2018 economic growth, which would be the weakest in 28 years, remained unchanged from its prediction in April. Consumption will remain the main driver of China’s ec… ( read…
China banking: Opportunity knocks – so does risk
You only have to read the headlines on the research reports coming out of Asia to get a sense of the mood – and it’s sombre. “Always darkest before the dawn” (Nomura). “Steadying the ship…
China offers low-cost loans to banks to help fund small businesses, shore up economy
China’s central bank has made fresh moves to release more money into the financial system as Beijing looks to shore up the economy amid a deepening trade war with the United States. The People’s Bank…
China central bank to boost relending to help small enterprises
HONG KONG (Reuters) – China’s central bank said on Wednesday it will boost relending and rediscount quotas by 100 billion yuan ($14.50 billion) to help the financing needs of small enterprises, part o… ( read…
China and U.S. Talk on Trade Ahead of January Negotiations
Mnuchin said neither he nor President Donald Trump were aware of the arrest of a senior executive from Huawei Technologies Co. when they met with China’s Xi Jinping for dinner on Dec. 1, the same…
Mongolia fends off Chinese bank suitors
China’s big lenders, led by Bank of China, want full access to Mongolia’s resource-rich market, but local regulators are desperate to keep them out, wary of Beijing’s rising power and influence, and k… ( read…
Mnuchin Says China and U.S. Planning for Trade Talks in January
Mnuchin said neither he nor President Donald Trump were aware of the arrest of a senior executive from Huawei Technologies Co. when they met with China’s Xi Jinping for dinner on Dec. 1, the same…
China’s reformers: How China and the World Bank built a partnership
Not long after the establishment of full diplomatic relations between the United States and China on January 1, 1979, there were indications that the government in Beijing wished to resume the represe… ( read original…
China embarks on second round of soy buying post Trump-Xi truce
The purchases are the latest evidence that China is making good on pledges to buy U.S. agricultural goods as part of the 90-day trade detente agreed to by U.S. President Donald Trump and his Chinese…
Xi calls for China to ‘stay the course’: No one is in a position to dictate reform to us
Chinese President Xi Jinping addressed his nation Tuesday morning in Beijing to commemorate the 40th anniversary of China’s “reform and opening up,” striking a relatively defiant tone to international … ( read original story …)
China’s cash-starved companies offer their prized assets at garage sales to dress up their books and avoid stock market expulsion
Huaxi Securities, a Chengdu-based broker and investment bank, last week told the Shenzhen bourse that it plans to put a property project up for sale for 817 million yuan. Central China Securities said … (…
In locked compound, minorities in China make clothes for US
HOTAN, China — Barbed wire and hundreds of cameras ring a massive compound of more than 30 dormitories, schools, warehouses and workshops in China’s far west. Dozens of armed officers and a growling D… (…
