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 …
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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 …
AIBANK launches digital outlet for immersive banking experience
In addition to trust and safety, we also need to create something different through a digital banking outlet, making people feel this bank is not only safe but also interesting,” AIBANK strategy …
Shuli Ren
As a global banking crisis envelops financial markets, China, one of the world’s most indebted nations, remains relatively calm. It’s thus worth asking how Beijing has managed to avert the …
PBOC’s Yi Says China to Achieve GDP Target, Property Improving
“China’s economy is stabilizing and rebounding, inflation remains low, and the property market is showing positive changes,” Yi said during a Group of 20 meeting of central bank governors and finance …
China’s Economy to Grow Around 5% This Year, Central Bank Head Says
China is willing to implement a debt disposal framework with other countries, Yi told a meeting of G20 finance ministers and central bank governors during the World Bank and International Monetary …
China Junk Bonds in Worst Slide This Year on Restructuring Angst
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 …