The governor of the People’s Bank of China recently said that China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market.
Tagged By finance
UPDATE 2-China’s c.bank chief signals phasing out currency intervention
PBOC will guide policy so real rates move below potential rate * China must allow market forces to drive yuan moves more – Yi * Hard to separate monetary, prudential tools in times of crisis…
G-20 Chair Sees ‘Positive Signs’ From China on Debt Deadlock
China is sending encouraging signals about breaking a deadlock among global creditors over how to manage poor-country debt distress, according to an Indian official helping to lead Group of 20 efforts …
China Giving ‘Positive Signs’ on Debt Deadlock, G-20 Chair Says
China is sending encouraging signals about breaking a deadlock among global creditors over how to manage poor-country debt distress, according to an Indian official helping to lead Group of 20 efforts …
China’s central bank chief signals phasing out currency intervention
China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market, the country’s central bank governor said on Saturday, underscoring Beijing’s …
Central bank pledges stronger support for real economy
The People’s Bank of China (PBOC), the central bank, has pledged to implement a more targeted approach to the prudent monetary policy and provide stronger support for China’s real economy. In a …
China’s central bank says will keep liquidity ample, stabilise growth
China central bank said on Friday it will keep liquidity ample, stabilise growth and jobs and focus on expanding domestic demand. The People’s Bank of China will focus on supporting the expansion of …
China’s top banker says rate hikes by Western nations fuel global financial instability
Yi Gang, People’s Bank of China governor, addresses meeting of the International Monetary and Financial Committee in Washington His attendance marks the first visit to the US capitol by a senior …
China, Brazil urge developed nations to meet climate finance vows
BEIJING – China and Brazil on Friday called on developed countries to honour their climate finance pledges, after their leaders put their close economic and diplomatic ties on full display at a …
Beijing’s fiscal revenue exceeds 173 billion yuan in Q1
Beijing’s general public budget revenue reached 173.5 billion yuan ($25.26 billion) in the first quarter of this year, registering an increase of 2.7% year-on-year, according to the latest data …
Beijing invests 380 million yuan in transportation upgrade in sub-center
The ground public transportation in the sub-center has been incorporated into the unified operation and management of the city’s public transportation system.
China Property Firms’ Turnaround Plans Disappoint, Adding Stress to a $730 Billion Market
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
China says ready to work with all parties on debt disposals, seeks more IMF data
China reiterated it is willing to work with all parties to implement the Common Framework for debt disposal on Friday but stopped short of dropping its demand that multilateral development banks share …
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