Kevin Frayer/ Chinese President Xi Jinping Kevin Frayer/ China indefinitely delays release of 3rd quarter economic stats . China announced on Monday tha …
Tagged By finance
A story of China’s cashless economy – with lessons for the U.S.
Martin Chorzempa’s “The Cashless Revolution” shows why and how China came to be at the forefront of financial technology.
President Xi can’t bank on young couples to bear China a healthier future
At one point during Shanghai’s long pandemic lockdown in the spring, police arrived on the doorstep of a young couple and ordered them to go to a quarantine f …
Crude Climbs as China’s Loose Monetary Policy Outweighs Fears of Global Economic Slowdown
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 …
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 …
