Executives say morale has plummeted since an overhaul was announced in March It aims to fight corruption and bring the sector under more direct control of the party Executives working in China’s state …
Tagged By finance
China Plans to Appoint a New Central-Bank Governor
Chinese leaders plan to appoint Pan Gongsheng, a deputy governor of the People’s Bank of China, as the central bank’s new head, according to people familiar with the situation.
China plans to appoint Pan Gongsheng as new Central Bank head- WSJ
June 30 (Reuters) – China plans to appoint Pan Gongsheng, a deputy governor of the People’s Bank Of China, as the new head of the country’s central bank, the Wall Street Journal reported on Friday,…
External Financial Assets Of China’s Banking Sector Hit $1.57 Trillion
(wam) — external financial assets of china’s banking sector reached us$1.57 trillion at the end of march, official dat …
China is ‘entering a balance sheet recession’ as borrowers shy away from new debt in a potential replay of Japan’s ‘lost decades’
Construction workers in Shenzhen, in China’s southern Guangdong province. When China abandoned its lockdown-heavy “COVID zero” policy late last year, it was widely predicted that the nation’s economy …
China central bank to keep policy ‘precise, forceful’ amid faltering recovery
BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment, amid a slowdown in the …
China will keep yuan basically stable, step up macro policy adjustments, says central bank
China’s central bank said today it will step up macro policy adjustments, and implement prudent monetary policy in a precise and forceful manner.
China Central Bank Vows to Support the Currency as Slide Deepens
The People’s Bank of China pledged to steady the yuan and step up support for the economy as doubts grow over a recovery.
China’s economic recovery fades as services, factory activity show weakness
Momentum from an economic recovery in China early this year has faded further, with activity in the services industry and construction sector dropping to its weakest level since December, according to …
China’s Central Bank Expands Lending Instruments by CNY200 Billion
China’s central bank has expanded lending instruments by a combined 200 billion yuan ($27.58 billion) for the nation’s small businesses and the …
China’s PBOC Asks Foreign Banks About Dollar Deposit Rates Amid Weak Yuan – Sources
China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with the matter said, as authorities …
China panda bond issuance hits record as low rates spur yuan borrowing
Foreign companies are issuing local currency bonds in China at record pace, lured by lower borrowing costs and government incentives aimed at promoting global use of the yuan.
China’s Slowdown Could Spell Trouble For The Asian-Pacific Region And The World
Since the Great Recession, China’s annual GDP growth has slowed, from around 14% in 2007 to about 4.5% recently, below the official targets. China’s economic slowdown is partly a numbers game. High …