Advertisement
Advertisement
With 110 member states and years of experience, AIIB vice-president says Beijing-based development bank a model for multilateralism.
Micronesian island of Nauru named as the 110th member of the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) on Thursday.
Warning about protectionist trade actions comes on sidelines of Asian Infrastructure Investment Bank’s annual conference, in Uzbekistan.
China’s central bank has conducted at least three large monetary adjustments since Pan Gongsheng was named People’s Bank of China governor in July 2023.
Advertisement
Marc Uzan, who has campaigned for changes to the global financial system for 30 years, says he remains optimistic about international cooperation despite the rise of unilateralism.
In a highly anticipated move, the People’s Bank of China has conducted its first open-market trade for treasury bonds in nearly two decades.
Alfred Schipke says the upcoming third plenum needs to show China is open for business despite its challenges, including the struggling property sector.
China's central bank, concerned about a decline in long-term bond yields, will borrow treasury bonds from primary market traders to maintain liquidity in the market.
Chinese Premier Li Qiang delivered a speech during the opening plenary session at the 15th Annual Meeting of the New Champions in Dalian on Tuesday.
A fiscal gulf exists between China’s central and local governments, and it is seen as a hurdle to healthy and sustainable development ahead of the third plenum.
A Chinese scholar has called for a renewed commitment to pro-market reforms to generate sustainable growth and solve several persistent issues that have vexed economic policymakers.
Chinese president calls for deepened reforms to address economic woes and says country should pursue ‘goal- and problem-oriented’ approach.
Bilateral trade, an important lifeline to Russia since it invaded Ukraine, is already at a record US$240 billion, with China its largest customer for crude oil.
President Xi has told financial cadres that their monetary policy toolkit must include a controversial means of injecting liquidity into China’s economy – one that has not been used in two decades.
After changes to its leadership and structure, and with draft laws altering its scope, China’s central bank looks to be taking on a different role from years past – one which seems notably distinct from Western norms.
China’s finance, commerce, banking, development and securities heads faced the press in Beijing on Wednesday during the annual ‘two sessions’.
As China makes strides to invigorate economic growth, its aggregate financing reached 6.5 trillion yuan in January – a year-on-year increase of more than half a trillion.
China’s central bank announced on Wednesday that the reserve requirement ratio for commercial banks will be reduced by 50 basis points from February 5, but analysts are expecting more supportive measures.
China’s Ministry of Commerce on Tuesday asked exporters of rare earth metals and oxide products to report transactions, with importers of crude oil, iron ore, copper ore concentrates and potash fertiliser also asked to report orders and shipments.
China’s twice-a-decade financial work conference concluded on Tuesday, with President Xi Jinping saying Beijing must ‘comprehensively strengthen financial supervision’.
Chinese Vice-premier He Lifeng has been confirmed as the office director of the Central Financial and Economic Affairs Commission, taking over from predecessor Liu He.
Official obituary of former leader, who died in Shanghai on Friday, hails his contributions to the economy, belt and road, poverty relief and his support for President Xi Jinping.
CEO Andrey Kostin expects to see broader use of China’s yuan in the global financial system to help offset the impact of international backlash following Russia’s invasion of Ukraine.
China will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday, announcing the move hours after hitting back over a planned probe into its electric vehicle exports.
The People’s Bank of China will cut the reserve requirement ratio for foreign-exchange deposits later this month in the latest move to support the yuan exchange rate and prop up the faltering economy.
China’s official manufacturing purchasing managers’ index (PMI) rose slightly to 49.7 in August from 49.3 in July, while the non-manufacturing gauge fell by 0.5 points to 51, according to data released on Thursday.
In his five months as premier, Li Qiang has been on the move at home and abroad, touting President Xi Jinping’s agenda while trying to empower the economy in the face of mounting questions and uncertainties.
Struggles by China Evergrande Group and now Country Garden have underlined the problems faced by China’s property sector, leaving investors, homebuyers and economists to ponder what will be next.
The People’s Bank of China cut the rate of the one-year medium-term lending facility (MLF) on Tuesday, while also lowering the seven-day reverse repo rate.
Decoupling is an illusion but supply chain concerns are real, French economy minister says on visit to Beijing.
