falling to levels that were last seen during the 2008 global financial crisis. [CNY/] The PBOC had no immediate comment on plans to increase its scrutiny of dollar purchases when contacted by Reuters.
Tagged By finance
Will China’s economy sink deeper? IMF’s Gita Gopinath explains
China, which achieved spectacular growth since it opened up its markets in the late 1970s, is facing a serious crisis due to emerging faultlines in its real estate sector – which accounts for nearly 3…
China’s Aug new bank loans exceed expectations as financial support for real economy increases
The Consumer Price Index returned to growth from a decline in August while the Producer Price Index narrowed its decrease compared with July, indicating a stabilization and recovery in the overall …
China to tighten scrutiny of LGFVs as Beijing addresses government debt woes – sources
China will put several thousand local government financial vehicles (LGFVs) under tighter scrutiny over their activities, while barring new LGFVs from selling bonds publicly as Beijing moves to plug …
OPINION – Beijing’s huge scope goes beyond just spying
It may not be high-grade facts and data. But the scale of it allows China to build up complex jigsaws of information which may give it a political, trade or military advantage over the West.…
China’s Yuan Rises After Central Bank Sounds Warning
China’s currency gained ground against the U.S. dollar after the central bank warned that it wouldn’t tolerate excessive market movements. The offshore yuan, the more freely traded version of China’s …
China’s Aug new bank loans jump more than expected, more policy steps expected
BEIJING (Reuters) -New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth amid soft demand at home and …
Exclusive-China’s Central Bank to Peruse Bulk Dollar Purchases – Sources
BEIJING/SHANGHAI (Reuters) – China’s central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time …
China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low
The People’s Bank of China issued a stark warning to traders speculating against the note, sending the yuan soaring to its largest gain since March.
China’s yuan: financial regulators vow to stem speculation, not hesitate after currency slid to 16-year low against US dollar
China’s financial regulators on Monday vowed to take action after China’s yuan fell to a 16-year low against the US dollar last week.
China’s Economic Dilemma, Apple’s China Woes, US Economy Surges And Inflation Fears: Top Economy News This Week
He further pointed out that China’s economic struggles are deepened by its hesitation to provide financial assistance to its citizens and businesses. Read the full article here. Devaluation of Yuan: A …
China’s Aug new bank loans jump more than expected, credit growth quickens
New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth amid soft demand at home and abroad.Chinese banks …
Franklin Templeton CEO says China pessimism is overhyped
U.S. Commerce Secretary Gina Raimondo noted during her China visit in August that U.S. companies have … Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia in 2010.
