WTI and Brent crude oil are up in early trading on China’s loose monetary policy which outweighed concerns over a global economic slowdown. China’s central bank rolled over maturing medium-term policy …
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As Xi opens congress, China’s state hands keep markets steady
As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country’s vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock …
China’s delay of its third-quarter GDP data release augurs ill for its economy
Chin was originally scheduled to release its third-quarter GDP data tomorrow (Oct. 18). But in an unusual move, the Chinese National Bureau of Statistics has delayed the publication date (link in …
China central bank rolls over policy loans to maintain liquidity, keeps rate unchanged
Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/Fil …
Surging dollar tests China’s capital controls as cash flees
Cash is leaving China’s financial markets at the fastest clip in years as investors flee a falling currency and sputtering economy, and analysts point to hints that more money is being moved out of …
China central bank has policy tools to guide yuan expectations – ex-PBOC official
China’s central bank still has many policy tools to guide yuan expectations and the currency is unlikely to have persistent sharp depreciation, a former People’s Bank of China (PBOC) official said.
China Cbank Fully Rolls Over Medium-Term Policy Loans, Rate Unchanged
Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo …
China PBOC Holds Key Policy Rates; Likely Signals Same for Benchmark Rates
The Chinese central bank held its key policy rates steady, which may mean the same holding pattern for benchmark lending rates later this month.
Analysis – A $1 trillion headache: China’s local fiscal shortfall poses broader growth risks
By any account, $1 trillion seems huge. That’s the scale of budget shortfalls facing Chinese provinces, reducing their fiscal firepower to fund infrastructure spending and tax cuts, and raising risks …
Zambia finance minister eager to renegotiate debt, awaits China’s team
Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African …
Global finance leaders say China is the main obstacle in bringing debt relief
Western countries this week increased their criticism of China, the world’s largest bilateral creditor, as the main obstacle to debt restructuring for the growing number of countries that cannot …
Developing country debts: G7 attacks Beijing
The Chinese are not participating in multilateral talks on debt relief for the poorest nations. China also wants the World Bank and International Monetary Fund to agree to a cut. This year develo …
President Xi sees trade restrictions on China ‘as a major confrontation,’ former ambassador says
Former United States Ambassador to China Max Baucus joins Yahoo Finance Live to discuss Chinese President Xi Jinping, the expectations for China’s pivotal national congress, trade restrictions, …
