China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive momentum for the economic recovery.
Tagged By financials
China offers subsidy funds for Beijing, Hebei to repair roads after rainstorms
BEIJING — China has allocated 30 million yuan (about $4.2 million) of emergency road repair subsidy to Beijing and Hebei Province following typhoon-triggered rainstorms. The special funds were issued by the Ministry of Finance and…
China’s central bank conducts 3-bln-yuan reverse repos
BEIJING, Aug. 3 (Xinhua) — China’s central bank conducted 3 billion yuan (422.54 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Thursday. The move is aimed at …
China’s household debt creeps upward, approaching warning line of International Monetary Fund
Excessive levels of indebtedness and slow income growth among Chinese residents are constraining consumption, but China’s Politburo is hoping domestic demand will boost economy Given the debt stress, …
China customizes financial support for small, medium, micro-sized enterprises
China will provide customized, diversified financial support for medium, small and micro-sized enterprises on key industrial chains of the manufacturing sector, the People’s Bank of China, the country …
Experts: Steps needed to ease bank pressure
Lou said the central bank can alleviate the pressure on commercial banks’ profits by launching structural monetary policy tools to drive the cost of banks’ liabilities lower.
China economy: Beijing must follow words with action to restore growth and confidence
The raft of second-quarter economic data should lay to rest lingering doubts about China’s post-pandemic recovery having run its course Beijing’s macroeconomic policies are out of sync with reality, …
China has to stabilize its housing market and address risks to its economy if it wants to avoid ‘Japanification’, JPMorgan says
financial imbalance, and an aging population. The comparison comes from the early 1990s, when Japan endured a spell weak economic growth, low inflation, a broad decline in asset prices, and a “balance …
U.S. lawmakers accuse prominent investment firms of steering dollars to China
The House Select Committee on the Chinese Communist Party launched an investigation into two lucrative New York-based global investment firms suspected of funneling U.S. dollars into blacklisted …
The End of China’s Economic Miracle
Initially, some parts of China’s economy did indeed grow: pent-up demand for domestic tourism, hospitality, and retail services all made solid contributions to the recovery. Exports grew in the first …
China hits back at allegations of obstruction during G20 climate talks
China’s protestations come afterThe Financial Times reported last week that China, the world’s largest emitter, had refused to debate crucial issues such as emissions targets, and was backed up by oil …
Analysis-China holds the key to avoiding Argentina’s IMF default. The price tag is unknown
A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap…
WRAPUP 2-Major global firms warn of slow China sales as post-pandemic surge fades
“What we’re seeing is a very cautious consumer in China, a declining property market and reduced export demand,” Unilever finance chief Graeme Pitkethly told an April-June earnings call last week. “And there is high unemployment…
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