BEIJING, Dec. 26 (Xinhua) — Yi Gang, a senior official of China’s central bank, said Friday that the nation’s economic fundamentals are “in good shape” and urged people to have faith in the country’s growth.
Yi, vice governor of the People’s Bank of China (PBOC), said his assessment is based on the balance sheets of residents, [...]
China’s producer price index cooled to its slowest pace of gains in more than two years in November, as prices for crude oil and other industrial commodities retreated amid the downturn in global economic activity.
“China’s price inflation data is now declining rapidly, building on deflationary concerns that may prompt further monetary easing,” wrote Jing Ulrich, [...]
NEW YORK (MarketWatch) — China’s central bank said Wednesday it is cutting key one-year interest rates. The People’s Bank of China said on its Web site that it was reducing the benchmark one-year deposit rate by 27 basis points to 3.60% from 3.87%. It also cut the one-year lending rate 27 basis points to 6.66% [...]
Epoch Times
Thursday, Oct 9, 2008
According to a British Broadcasting Corporation (BBC) report, China denied reports that it would buy up to $200 billion worth of U.S. Treasury bonds to partially finance the Bush Administration’s $700 billion rescue package.
Hong Kong’s Ming Pao reported on October 5 that China was going to buy another $200 billion in [...]
UPDATE: China: Four Banks Apply To Take Stakes In Insurers
Last Update: 7/29/2008 3:02:51 AM
(Adds quotes from regulator, first-half data on insurance companies’
investments.)
BEIJING (Dow Jones)–China’s insurance regulator has received applications from
four banks to take stakes in insurance companies, an official at the regulator
said Tuesday.
Industrial & Commercial Bank of China Ltd. (1398.HK), China Construction Bank
Corp. (0939.HK), Bank [...]
WASHINGTON (MarketWatch) — The U.S. economic slowdown could cut China’s economic
growth by 1 percentage point, according to Fan Gang, a member of the monetary
policy committee of the People’s Bank of China, Xinhua news agency reported
Sunday. Fan told an economic conference in Boao, Hainan, that the U.S. slowdown
is cutting into trade and investment. The slump in [...]
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