BEIJING – China’s central bank suspended open market operations for the third working day Tuesday, citing sufficient liquidity in the banking system. Liquidity was at a “relatively high level” after increased fiscal spending at the…
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Russia & China to kneecap petrodollar in 2018 predicts Saxo Bank
The world’s largest crude oil importer China is likely to roll out the petro-yuan next year predicts Saxo Bank. Beijing’s largest oil supplier Russia would gladly accept the yuan to phase out the dollar in…
China halts oil product exports to North Korea in November as sanctions bite
BEIJING (Reuters) – China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to…
China’s 2018 fiscal, monetary policies aim for high-quality development
BEIJING – China will stay on course for a proactive fiscal policy and prudent monetary policy in 2018 to foster high-quality development while containing financial risks. “The proactive orientation of fiscal policy will be maintained,…
Palace banking on China ‘goodwill’
Malacañang on Monday said it was still relying on the “goodwill” of China after a newspaper in the mainland reported that China had “accelerated and enhanced its military presence” in the South China Sea. It…
What Is China Finance Online Co Limited’s (NASDAQ:JRJC) Financial Position?
China Finance Online Co Limited (NASDAQ:JRJC), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is JRJC will have to…
China’s appetite for lithium on display in Canadian takeover
China already has more electric vehicles on its roads than … will reach $42.9 billion this year and hit $103.2 billion by 2026. Bassam Moubarak, chief financial officer of Lithium X, credited his company’s 29-year-old…
Economic Watch: China’s 2018 fiscal, monetary policies aim for high-quality development
BEIJING, Dec. 25 (Xinhua) — China will stay on course for a proactive fiscal policy and prudent monetary policy in 2018 to foster high-quality development while containing financial risks. “The proactive orientation of fiscal policy…
Central bank suspends open market operations on fiscal spending increase
BEIJING, Dec. 25 (Xinhua) — China’s central bank suspended open market operations on Monday due to a fiscal spending increase near the year end. The rising fiscal spending near end of the year is sufficient…
Why China’s Big Step on Carbon Isn’t Bigger Still
China is looking to financial markets to help restrain its emissions of greenhouse gases. It surpassed the U.S. as the world’s biggest polluter more than a decade ago and now is building what will become…
PBOC Official Argues a Detroit-Like Bankruptcy May Benefit China
A Chinese central bank official said China should allow local governments to go bankrupt to help rein in regional authorities’ excessive borrowing. A case like the bankruptcy of Detroit would convince investors that the central…
China needs Detroit-style bankruptcy as debt problems remain – central bank official
China needs to let local governments take responsibility for their finances, including allowing bankruptcies, as part of an effort to defuse their debt risks, a central bank official wrote on Monday. Central government control of…
China’s central bank says will skip OMOs on Monday
SHANGHAI (Reuters) – China’s central bank said it will skip open market operations on Monday. On a net basis, the People’s Bank of China (PBOC) will drain 120 billion yuan ($18.25 billion) from the money…
