BEIJING (Reuters) – China’s financial sector must serve the real economy, President Xi Jinping told a study session for senior Communist Party officials, state news agency Xinhua said on Saturday. The … ( read original…
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China’s stimulus appears to be ‘finally kicking in’ as new loans hit record high, experts say
Analysts say surging bank loans and overall credit expansion to monthly records in China mean that official efforts to stimulate the economy are kicking in, a potential sign that slowing growth could … ( read…
China says it would welcome visit by British finance minister
BEIJING (Reuters) – China would welcome a visit by Britain’s finance minister Philip Hammond, the Chinese foreign ministry said on Friday, a day after Hammond said talk of deploying a British warship … ( read…
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
SHANGHAI (Reuters) – Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country … ( read original…
China’s Li Keqiang in rare spat with central bank
Just hours later, the People’s Bank of China appeared to respond directly to Mr Li’s criticism in an interview with an unnamed PBoC official published in Financial News, the central bank’s official ne… ( read…
Morning Brief: U.S., China start to outline a trade deal
Read more U.S., China sketch outlines of deal to end trade war … and it also offered more clarity on its plans for balance sheet normalization. [Yahoo Finance] Tax refunds are $11.5 billion behind o……
China’s Premier Li Keqiang warns central bank of ‘new potential risks’ posed by record loans in January
Premier Li Keqiang has warned of the “new potential risks” that China’s record level of new loans in January could bring to the financial system. The People’s Bank of China (PBOC), China’s central ban… (…
U.S. Push for Stable Yuan May Unwind China’s Move Toward Markets
“It goes against the grain of where China wants to go on monetary policy,” said Mark Sobel, a former U.S. executive director at the IMF and longtime Treasury official who is now a chairman at…
Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools – sources
LOST IN TRANSMISSION? While the PBOC has been pushing a lot of funds into the financial system, the money has not been flowing smoothly to companies, particularly private firms which account for over … (…
China central bank sees benchmark rate cut as last resort, may use other tools: sources
BEIJING (Reuters) – China’s central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectati… ( read original…
China won’t change prudent monetary policy: Premier Li
The government has been rolling out measures, such as cutting banks’ reserve requirement ratio (RRR) to ensure that there is ample liquidity in the financial system. China slashed RRR by 100 basis poi… ( read…
China may be on the cusp of introducing ‘more aggressive’ stimulus measures, economists say
But Gavin Parry, CEO of financial services company Parry Global Group, says he thinks the People’s Bank of China is “about to turn an inflection point,” and could introduce more stimulus to the econom… (…
Philippines warns of China threat after US nuclear pact exit
Delfin Lorenzana’s remarks to the Financial Times mark the most explicit warning yet … how to balance their alliances with the US against relations with a rising China. For American allies such as J… (…
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