Economists said China may loosen its monetary policy further to free up money to overcome the economic slowdown, and an expert at global banking giant HSBC called for unconventional measures.
Qu Hongbin, HSBC’s chief economist in China, said such measures are needed during this unconventional period. He said the government should roll out more proactive fiscal [...]
Yuan forwards rose for a second day as traders scaled back bets on declines in the Chinese currency after Assistant Finance Minister Zhu Guangyao said last week China will keep the yuan stable. Government bonds gained.
China will keep the yuan at a “reasonable and balanced” level, and the nation will “better manage” market currency expectations, [...]
China’s yuan fell by the most in seven weeks, three days before U.S. Treasury Secretary Henry Paulson visits Beijing for trade talks, on speculation the central bank wants to weaken the currency to spur the economy.
The People’s Bank of China set its daily reference rate at the weakest level since August, after resisting pressure for [...]
China yesterday announced the sharpest interest rate cuts in a decade to spur consumption and battle the economic slowdown.
It also lowered bank reserve margins by the largest amount since 1999 in a bid to boost lending.
The People’s Bank of China reduced both the benchmark one-year lending and deposit rates by 1.08 percentage points starting today.
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Hong Kong stocks rose 2.9 percent on Friday, as U.S. stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland lenders soaring.
But the main index finished the week 6.5 percent lower, its worst weekly performance in three weeks, on bleak economic data, job [...]
Although the world’s economy experienced huge ups and downs in recent years, foreign investors still favored China. The world continued to take prudent and optimistic attitude towards China in spite of the hardships. There are two reasons behind why China still could play an important rule in current circumstance.
China is a big exporter, but a [...]
