The PBOC said it would step up support for the economy as domestic demand weakened, businesses struggled and risks in key areas increased.
Tagged By financials
China’s consumers, central bank and statisticians all lack confidence
To soften the blow, the People’s Bank of China ( pb o c) duly lowered interest rates, as other central banks would do. But it reduced its medium-term rate by only 0.15 percentage points and…
China’s non-financial ODI up 18.1% in January-July
BEIJING – China’s non-financial outbound direct investment (ODI) increased 18.1 percent year-on-year to 500.94 billion yuan in the first seven months of the year, official data showed Thursday. In US …
Why is China not rushing to fix its ailing economy?
With China at risk of tipping into prolonged stagnation and a spiralling property crisis threatening financial stability, there is growing unease over why its leaders are not rushing to revive the …
China’s internet regulator tries to ease concerns of foreign firms on new data rules – report
The Cyberspace Administration of China is reaching out to foreign companies to discuss ways to navigate the country’s new data-security laws, in an effort to dispel fears of multinationals about their …
Beijing tries to defuse economic fears after real estate developer Country Garden’s debt crisis
The Country Garden episode has echoes of Evergrande Group, which is trying to restructure more than $340 billion owed to banks and bondholders. BEIJING: China’s government is trying to reassure …
Analysis: China’s crackdowns rewrite investors’ private sector playbook
Buy the state, sell the capitalist – that’s how global investors are trying to play China’s latest anti-graft crackdowns as they see private enterprise increasingly sidelined in Beijing’s quest for …
China’s troubled $137-billion shadow bank plans debt restructuring, taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet, …
China’s Troubled Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG LLP to conduct an audit of its balance sheet,
China’s central bank conducts 168-bln-yuan reverse repos
BEIJING, Aug. 17 (Xinhua) — China’s central bank conducted 168 billion yuan (23.31 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday. The move aims to keep liquidity in…
China’s troubled $188 billion shadow bank plans debt restructuring, taps KPMG
SHANGHAI – The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure … While little known outside China, Zhongzhi is among the …
Central bank digs deeper to grapple with investor gloom
Beijing: The People’s Bank of China (PBoC) moved to improve fragile market sentiment yesterday with a step up in its recent support for the yuan and an injection of cash into the financial system. The…
China’s Real Estate Crisis Echoes Lehman Moment; Country Garden Warns Of ‘Major Uncertainties’ As Bond Redemption Looms
China is grappling with a monumental financial challenge as the turmoil in its real estate sector reverberates throughout the broader economy. Amid a backdrop of liquidity crises among numerous real …
