China’s central bank wants to shift its policy framework to target the cost of credit rather than its size, but liquidity risks and uncooperative markets are making it difficult to transition the …
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China’s interest rate reform will be ‘arduous, long’ process
China’s central bank wants to shift its policy framework to target the cost of credit rather than its size, but liquidity risks and uncooperative markets are making it difficult to transition the …
China stocks close down, dragged by bank shares
Shares of Citic Bank and Bank of Communications were both down nearly 7% in Hong Kong. Shares of major Chinese state banks have soared this year, with most up over 20%. Shares of Agriculture Bank…
International Big Data Industry Expo Opens in Southwest China
GUIYANG, CHINA / ACCESSWIRE / August 29, 2024 / “After a decade of development, the expo has emerged as a crucial platform in the country’s data field, leading innovation trends, showcasing industry …
The Chinese central bank’s policy arsenal
The People’s Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed bank lending.
We get leverage when China invests in India, says Finance Commission chairman Arvind Panagariya
Leading economist Arvind Panagariya advocates allowing Chinese investments in India, barring security risks. He highlights the potential leverage gained against China and argues that FTAs with large markets could boost foreign investments.
Huawei Revenue Jumps After Eating Apple’s Market Share in China
Huawei Technologies Co.’s revenue grew for the sixth straight quarter after its smartphones gained market share in China at Apple Inc.’s expense.
China’s New Growth Strategy Backed by Robots – IFR reports
At its recent Third Plenum, China mapped out the direction of the country’s economic policies: Beijing wants to adapt to the new round of industrial transformation by using robots as an engine for …
‘Vigorous give and take’: U.S. security advisor discusses economic curbs in rare trip to China
Tensions between the world’s two largest economies have escalated in recent years, spilling over from trade into finance and technology. The Chinese leader said Thursday that he hopes the U.S. would view China’s economic growth…
China ‘deeply’ concerned over escalation in occupied West Bank
Foreign Ministry spokesperson calls upon all parties concerned, Israel in particular, to ‘remain calm and exercise restraint’ – Anadolu Ajansı …
Chinese bank BoCom warns of developers’ bad debts as profit dips
China’s Bank of Communications Co Ltd (BoCom) reported a 5.17% fall in second-quarter net profit on Wednesday, while warning of more bad debt from developers. Chinese banks have been facing a squeeze …
China ‘deeply’ concerned over escalation in occupied West Bank
Foreign Ministry spokesperson calls upon all parties concerned, Israel in particular, to ‘remain calm and exercise restraint’ – Anadolu Ajansı …
China’s new bubble has sent tremors through Beijing
The collapse of China’s property market nearly four years ago continues to reverberate within the country’s economy, forming a bubble that has led to some panicky responses from authorities.
