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Huang Yiping, a member of the Chinese central bank’s monetary policy committee, said a stimulus package announced September has stabilized the economy and allows policymakers to focus on ...
The central bank's monetary easing was followed by government pronouncements that it still has ample funds to pump into the economy. Still, the longer-term goals of transforming China into a high ...
China's central bank will not allow a significant decline of the yuan and has urged major state-owned banks to scale back U.S. dollar purchases.
Deflation in China is persisting, raising growing concerns domestically and internationally. Beijing’s stimulus policies introduced in September last year have largely been short-lived in financial ...
Among the 11 analysts polled by CNBC, the majority do not see the currency weakening significantly, but rather a gradual depreciation engineered by the PBoC.
A staggering $1.9 trillion in extra industrial lending is fueling a continued flood of exports that could be spread even ...
Other funds made similar moves. The Chinese central bank said it would support Central Huijin as needed. One of the biggest state-owned oil companies, known as Sinopec, said it would buy back the ...
Shares of major Chinese tech and consumer stocks such as tech conglomerates Alibaba ( BABA -4.45%) and Tencent ( TCEHY -4.96%), as well as digital online broker Futu Holdings ( FUTU -4.98%) were all ...
HONG KONG, March 26 (Reuters) - (This March 26 story has been corrected to say that wealth connect accounts reached 95,000 accounts in the 12 months from February 2024, not four months, in ...