China has granted a 50 billion yuan (7.8 billion U.S. dollars) investment quota to Thailand under the Renminbi Qualified Foreign Institutional Investor (RQFII) pilot program, China's central bank said Thursday. The decision, part of ...
Tags: RQFII, financial cooperation
The Communist Party of China (CPC) Central Committee has held a meeting to solicit opinions from non-communist persons on the country's economic work, according to a statement released on Monday. While presiding over the meeting, which ...
Chinese President Xi Jinping meets with Sheikh Mohammed Bin Zayed Al-Nahyan, crown prince of Abu Dhabi of the United Arab Emirates, in Beijing, capital of China, Dec. 14, 2015. [Photo: Xinhua] A series of cooperation deals have been inked ...
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...
Tags: economic growth, GDP
China's power use, a key barometer of economic activity, ended a two-month falling streak in November by edging up 0.6 percent from one year earlier as the economy showed signs of stabilization, according to data released Wednesday. ...
Tags: Electricity, Power, economy
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
China Petroleum and Chemical Corp., or Sinopec, has reduced its North China toluene ex-factory offers by Yuan 200/mt ($30.97/mt), or about 4%, Tuesday, amid weakness in demand and the yuan, an industry source said. Its North China ...
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
In order to breath life into the flagging euro zone economy and fending off deflation, The European Central Bank is poised to announce a plan to buy government bonds, resorting to its last big policy tool. Market expectations are sky-high ...
China has adopted International Monetary Fund rules aimed at helping to improve the transparency, reliability and international comparability of the country's statistics. The move, announced on Thursday, is being viewed by Beijing-based ...
Tags: IMF, Economic Statistics
China's central bank continued to pump billions of yuan into the financial system on Tuesday to ease liquidity strains. The People's Bank of China (PBOC) conducted 150 billion yuan (23.6 billion U.S. dollars) of seven-day reverse ...
Despite the recent stock market crashes around the world on the heels of China devaluing the yuan, Reserve Bank of India Governor Raghuram Rajan has said he doesn't believe that there's a financial crisis looming. "Based on what I've seen ...
Depreciation of China's currency offers opportunities for economies in Europe Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow ...
Tags: global currency, Yuan Move
Apart from monetary easing moves, there is room for China to achieve faster and more balanced growth by cutting the private sector's tax burden, a major Chinese investment firm said Monday. China's central bank has cut benchmark interest ...
Tags: monetary easing, tax