China redoubles first-aid for its economy
China central bank cuts seven-day reverse repo rate to aid economy
China's central bank said on Friday it was lowering the borrowing cost of its seven-day reverse repurchase agreements, as part of the biggest stimulus package since the pandemic unveiled by Beijing this week to support the economy.
China redoubles first-aid for its economy with support for banks and workers
China is redoubling its first-aid for the economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People's Republic.
Opinion
China Puts a Band-Aid on Its Economy. It’s Still Missing the Real Problems.
Since taking the helm in July 2023, People’s Bank of China Gov. Pan Gongsheng had avoided giant stimulus bursts of the kind Beijing did amid the 2008-2009 global financial crisis. Pan favored incremental steps, owing to President Xi Jinping’s desire to curb debt, avoid bubbles in the property sector, and keep the yuan stable.
China cuts banks' reserve ratio as economic growth sputters
China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth. The move takes effect Friday and was flagged on Tuesday by PBOC Governor Pan Gongsheng at a press conference,
Stock market today: Markets rally again as China ramps up support for its economy
World shares have surged following reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks and provide other fiscal support for the economy.
China cuts amount banks hold in reserve to boost lending
China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest
China, industrial profits
A new stimulus might (or might not) jump-start China's economy
Doldrums continue to plague China's post-pandemic economy. Now the country's leaders are firing up a new round of plans to ...
First time in months China's Xi is involved in trying to reinvigorate the economy, strategist says
Shaun Rein, the founder and managing director of China Market Research Group, discusses the Chinese government's economic ...
China moves to boost ailing economy with property, stimulus measures
The world’s second-largest economy has struggled to rebound from the pandemic, leading financial authorities to cut interest ...
Australian treasurer welcomes Chinese efforts to stimulate economy during Beijing visit
BEIJING -- Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that ...
China Tries to Jolt Ailing Economy
China’s central bank announced an unusually broad package that signals growing unease in Beijing after a run of downbeat ...
China can't boost its economy because its macro policy is 'too slow and reluctant,' Goldman Sachs says
Weak retail sales and potential labor market pressures show China's policy pushes haven't acted quickly enough, according to ...
China’s Shadowy Crypto Brokers Lure $75 Billion as Economy Toils
China’s over-the-counter cryptocurrency brokers are attracting unprecedented inflows, a study shows, reflecting a hunger for ...
China ETFs set for best week on record after Beijing fires policy ‘bazooka’ to boost economy. Is it time to jump in?
China ETFs have surged on the back of a blitz of stimulus measures by the country’s government to revive the world’s ...