SHANGHAI/BEIJING (Reuters) – China’s central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The…
Tagged By finance
Chinese local finance offices sharpen their teeth after Xi orders crackdown on scammers
While the ongoing change is not designed to create new agencies, it is a key stage in the process of forging a new financial oversight system that values control and risk prevention over development and…
China Central Bank Chief Surprises With Gravity-Defying 7 Percent Second Half Growth Forecast
SHANGHAI/BEIJING — China’s central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown. The uncharacteristically…
China’s bankers and traders turn to WeChat to make deals
The People’s Bank of China and the securities regulator did not immediately respond to faxes seeking comment on the use of personal messaging apps for financial business. China Foreign Exchange Trade System, a unit of…
China’s PBOC chief sees 7 percent GDP growth in second half, stronger than economist forecasts
SHANGHAI/BEIJING (Reuters) – China’s economy is expected to grow 7 percent in the second half of this year, the central bank governor said, accelerating from the first six months and defying widespread expectations for a…
China’s Central Bank Chief Warns Corporate Debt Is Too High
People’s Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing. “The main…
China’s Zhou Warns Corporate Debt Too High, Urges Fiscal Reform
People’s Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing. “The main…
China’s 6.9% growth may continue: Chinese central bank governor Zhou Xiaochuan
BEIJING (BLOOMBERG) – Chinese economic indicators show “stabilised and stronger growth”, and the momentum of a 6.9 per cent expansion in the first six months of 2017 “may continue in the second half”, People’s Bank…
China could maintain 6.9 per cent growth in second half of year, central bank chief says
The 6.9 per cent economic growth China recorded in the first six months of the year “may continue in the second half” as a number of indicators suggest “stabilised and stronger growth”, according to the…
People’s Bank of China: Economy to Accelerate in Third, Fourth Quarters
Mainland China’s central bank expects the economy to gain momentum closer to the year’s end, however, there is strident debate regarding the accumulation of corporate and provincial debt as the country’s primary driver of economic…
Guest Contribution: “10 Lessons for China 10 years after the subprime financial crisis “
Today we are fortunate to present a guest contribution written by Alessandro Rebucci, Associate Professor, and Jiatao Liu, at the Carey School of Business at Johns Hopkins University. This month marked the beginning of the…
Ant Financial sees blockchain as smart way forward for easy home rental contracts
“Ant Financial is building a smart contract platform which can be applied to industries such as the industrial, finance and leasing markets,” Jiang told the South China Morning Post on the sidelines of the Alibaba…
China banking regulator, Hubei chief front runners to head central bank: sources
BEIJING (Reuters) – China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year,…
