China’s middle class is sitting on a mountain of cash, but they’re refusing to spend it. Bank deposits are surging, interest rates are near zero, and yet households are tightening their wallets.
Tagged By finance
Canada, China sign pledge in Beijing to deepen financial-sector ties
Finance Minister François-Philippe Champagne said the Canada-China relationship is at a unique moment in time as he wrapped up a full day of meetings with top Chinese officials on Friday in Beijing.
Canadian finance minister discussed supply chain integrity during meeting in China
April 3 (Reuters) – Canada’s finance minister said on Friday that he discussed supply chain integrity during a meeting with counterparts in China aimed at boosting trade, as Ottawa faces U.S. scrutiny …
Beijing seen as a hub for youth innovation
A news report from chinadaily.com.cn: As part of the efforts to position itself as a global hub for youth innovation and entrepreneurship, Beijing has rolled out a comprehensive policy framework to …
China expands digital yuan programme with 12 new bank operators
BEIJING, April 2 (Reuters) – China’s central bank has expanded its digital yuan programme by adding a dozen additional banks as operators, confirming a Reuters report last month. The 12 new banks …
China Drains Cash From Economy in Rare Pullback During Oil Shock
China’s central bank withdrew cash from its financial system for the first time in a year, a cautious signal that keeps its policy options open as higher oil prices filter through the economy.
Canada’s finance minister visits China as both countries seek to bolster ties
Francois-Philippe Champagne’s four-day trip comes close on the heels of Canadian Prime Minister Mark Carney’s visit to Beijing in January Canada’s finance minister will travel to China for a four-day …
Break weeks in China
Finance Minister FRANÇOIS-PHILIPPE CHAMPAGNE is in Beijing, making money moves with Chinese officials. And he has company — make that companies — with him: Dozens of business leaders are part of the …
Canadian Finance Minister to visit China over April 1-4, China’s finance ministry says
BEIJING, April 1 (Reuters) – China’s Finance Ministry said on Wednesday that Canadian Finance Minister Francois-Philippe Champagne would visit China this week, a trip his office said aimed to build …
Canada’s finance minister aims to shore up support, investment in China
Canada’s finance minister François-Philippe Champagne is in China to continue diversifying trading partners and strengthen the economy. This visit follows that of Prime Minister Mark Carney earlier …
Finance Minister to visit China on trade-diversification mission
Finance Minister François-Philippe Champagne is leading a trade -diversification mission to China this week, expanding on a recent trip to that country by Prime Minister Mark Carney aimed at resetting …
China to maintain appropriately loose monetary policy
BEIJING, March 31 (Reuters) – China’s central bank pledged on Tuesday to maintain appropriately loose monetary policy, while noting growing impacts from changes in the external environment. China’s …
China must balance rising inflation with growth risks, central bank adviser says
BEIJING, March 31 (Reuters) – Imported inflation stemming from the Middle East conflict will put pressure on China’s economy, requiring policymakers to juggle rising inflation alongside slowing growth …
