China will push forward market-based interest rates reforms while stepping up supervision over deposit rates, according to an article by the central bank’s monetary policy department on Tuesday. The …
Tagged By finance
China’s Central Bank Signals It Has Policy Space to Ease
China’s current interest rates are “reasonable” and provide room for future policy action, the People’s Bank of China said, adding to expectations it may resume lowering rates in coming months. Most …
Taxes, Inequality And Unemployment Will Weigh On China After Party Congress
China Communist Party Secretary Xi Jinping is widely expected to get a third five-year term as the country’s leader after the upcoming party congress scheduled to start on October 16. What will be …
China’s rulers seem resigned to a slowing economy
Its authors, including Zheng Song of the Chinese University of Hong Kong, tried to explain China’s distinctive pace and pattern of development. The title was as well received as the argument, echoed …
U.S. Treasury official criticizes China’s ‘unconventional’ debt practices
“China’s enormous scale as a lender means its participation … have triggered the biggest net capital outflows from emerging markets since the global financial crisis, Neiman said. He said a systemic …
UPDATE 1-U.S. Treasury official criticizes China’s ‘unconventional’ debt practices
A top adviser to U.S. Treasury Secretary Janet Yellen warned on Tuesday that China’s foot-dragging on debt relief could burden dozens of low- and middle-income countries with years of debt servicing …
Europe upstages China as main driver for copper outlook
Shrinking copper demand in Europe due to a manufacturing recession caused by the energy crisis will dominate market sentiment for some time with prices likely to retreat towards two-year lows early …
China pushes for broader use of digital yuan, central bank says
Shenzhen in South China’s Guangdong Province, Suzhou in East China’s Jiangsu Province, Xiongan New Area in North China’s Hebei Province and Chengdu in Southwest China’s Sichuan Province — to province …
Tencent steps up expansion in healthcare with new US$41.5 million investment in Xunjie Medical as Beijing eases restrictions
The internet giant’s latest healthcare investment would give it a 19.5 per cent stake in Xunjie Medical, which owns German first aid gear maker Metrax That capital outlay comes months after Beijing …
China digital currency: Beijing to expand e-CNY trials to four entire provinces including Guangdong
The People’s Bank of China (PBOC) will expand e-CNY trials to Guangdong, Hebei Jiangsu, and Sichuan provinces, an official said on Monday The number of users, merchants and transactions is ‘steadily …
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People’s Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
China’s Reluctance to Deliver More Stimulus Puts Burden on US, World Bank President Says
China’s unwillingness to deliver more stimulus during the current international slowdown is putting more pressure on the US to support international growth, World Bank President David Malpass …
CX Daily: The Double Squeeze on China’s ‘Sandwich Generation’
The double squeeze on China’s ‘sandwich generation’ Yin Fan is a single mom in her late 30s. When she was pregnant with her daughter, her …
