The program takes effect this year and will run through the end of 2026, China’s Minister of Finance Lan Fo’an told reporters. That breaks down to around 2 trillion yuan a year. It was widely…
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China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt
The program takes effect this year and will run through the end of 2026, China’s Minister of Finance Lan Fo’an told reporters. That breaks down to around 2 trillion yuan a year. It was widely…
China kicks off $1.4 trln in fiscal support with local government debt swaps
China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling …
China October bank lending seen declining despite policy measures: Reuters poll
China’s new yuan loans are expected to fall sharply in October from September, a Reuters poll showed on Friday, signalling weak credit demand even as the central bank ramps up policy stimulus to …
China’s foreign exchange reserves drop to $3.26105 trillion
BEIJING – China’s foreign exchange reserves totaled $3.26105 trillion at the end of October, down by $55.317 billion, or 1.67 percent, compared to the end of September, official data showed Thursday.
China’s Finance Ministry to Brief at 4 p.m. on Debt Swap Program
China will hold a briefing on a plan to allow local governments … The budget committee of the National People’s Congress and the Finance Ministry will speak with the media at the end of a…
Fed rate cut gives China room to move as Beijing eyes more economic stimulus
US Federal Reserve lowered its benchmark rate less than a day before China is expected to release its latest economic stimulus plan.
China expected to announce highly anticipated fiscal stimulus package
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
China mandates banks for $2bln bond issuance in Saudi Arabia, term sheet shows
SYDNEY – China has mandated investment banks to work on a three- and five-year U.S. dollar bond issuance in Saudi Arabia, showed a term sheet reviewed by Reuters on Friday. The issuance will be senior…
China is saving its fiscal ‘firepower’ for Trump tariffs: Expert
Chinese stocks — according to the CSI 300 Index (000300.SS) — hit a one-month high on stimulus optimism from the government and better-than-expected export data despite concerns about the impact of President-Elect Donald Trump’s proposed…
China Congratulates Trump as Ties Set to Enter New Phase
China extended its congratulations to Donald Trump for his victory in the US election, while the president-elect reportedly spoke on the phone with Chinese leader Xi Jinping.Most Read from BloombergParis Restricts Through Traffic in City…
Amid China-US trade ‘conflicts’, Beijing calls for burying the hatchet
Mofcom message comes as Trump revels in re-election win after vowing higher tariffs on China, and with EU officials in town for ‘intensive’ negotiations China is looking to “resolve conflicts” in …
China’s central bank pauses gold purchases for sixth straight month
China’s central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released on Thursday. China’s gold holdings stood at 72.8 …
