Intentionally weakening the yuan would be a boon for cheaper Chinese exports, but on the whole, a devalued yuan could make China’s problems much worse.
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The EU represents a “powerful” continent and must not fear any country, France’s finance minister said Friday, after China warned a Brussels probe into Beijing’s electric car …
The EU represents a “powerful” continent and must not fear any country, France’s finance minister said Friday, after China warned a Brussels probe into Beijing’s electric car subsidies would harm ties …
Stocks slump after strong China data, Arm rallies in day 2: Stock market news today
US stocks opened lower Friday as the major indexes failed early on to build on a Thursday rally. The S&P 500 (^GSPC) was down 0.3%, while the Dow Jones Industrial Average (^DJI) slumped by 0.2%.…
China, Cambodia pledge stronger ties as Xi Jinping welcomes new PM Hun Manet to Beijing
Cambodian Prime Minister Hun Manet and Chinese President Xi Jinping on Friday pledged more support on “national sovereignty, security, and development”, as Beijing grapples with tensions in the …
Beijing Declaration passes as 18th World Water Congress ends
The Beijing Declaration was passed on Friday as the 18th World Water Congress concluded in Beijing, with President Xi Jinping’s water governance strategy inscribed into the document.
Kenya’s Proposal For A Green Bank: The IMF, World Bank, And China’s Role
As the world faces a climate crisis, Kenya’s President William Ruto recently proposed the creation of a global green bank. s …
China’s Defense Chief Li Shangfu Joins List of Missing Senior Officials
China’s defense minister Li Shangfu is reportedly under investigation … and Xu Hongcai was removed from the post of vice-minister of finance. The council also reported that Xiang Dong will no longer …
China Shrinks Budget Deficit in Sign of Weak Fiscal Support
China’s budget deficit continued to contract so far this year, a sign of weak fiscal support for the economy despite a slowdown in growth.
China’s new home prices drop faster as analysts turn ‘negative’ on property-sector outlook amid ‘not enough’ stimulus
International ratings agency Moody’s on Thursday downgraded the outlook for China’s property sector to “negative” from “stable”, citing potentially dampened sales under economic growth challenges.
Stock market today: Asian shares gain, led by China after Beijing eases required bank reserves
Asian shares are trading mostly higher, with solid gains for Chinese markets after the central bank eased the reserve requirements for banks. Chip designer Arm Holdings’ IPO on Nasdaq also …
China’s Central Bank Lowers Short-Term Policy Rate
China’s central bank cut a short-term policy rate on Friday, a day after saying it will lower the amount of deposits banks have to set aside as reserves …
China central bank cuts bank reserve ratio to support economy
BEIJING: China’s central bank said on Thursday (Sep 14) it would cut a benchmark ratio for the amount of cash banks must hold in reserve to “consolidate the foundation of economic recovery”.
China Cuts Bank Reserve Requirements to Aid Fiscal Stimulus
China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, a move that will help banks support government spending and Beijing’s broader effort to stoke …
