A senior Chinese central bank official said Thursday that the country is "actively communicating" with the International Monetary Fund (IMF) on the possibility of including Chinese currency yuan, or RMB, in the basket of the Special Drawing ...
Tags: SDR Basket, Chinese currency
China's $40 billion Silk Road Fund will be operated under a market-oriented approach and the projects it plans to invest in will not be limited to countries along the "One Belt, One Road" route, the fund's chairperson said on Thursday. ...
China's trade rebounded in February from the previous month's surprise contraction, but imports were subdued in another sign of continued weakness in the world's second-largest economy. Exports surged 48.9 percent in February from a year ...
Tags: Dipping Imports, February exports
Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's ...
Tags: HSBC Services, PMI
Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon. Hot money is speculative money that flows ...
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
China's cross-border capital flows will remain volatile this year amid uncertainties both at home and abroad, the country's forex regulator said on Sunday. As China gradually moves to make its foreign exchange mechanism more ...
Chinese people used more credit cards last year, fresh evidence that the nation's traditionally frugal residents are looking for credit cards for everyday purchases. Chinese banks issued a total number of 455 million credit cards by the ...
Tags: Credit Cards, card holders
Virtually all the indicators, from manufacturing activity to trade data, point to weakening. Expectations of an immanent reduction in the real interest rate have never been higher, despite the central bank's insistence on reining in ...
Tags: economic growth, trade data
China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday. Food prices, which account for nearly ...
Tags: consumer price index, CPI
China is unlikely to "purposely weaken" its currency, the yuan, or renminbi (RMB), as it would go against the authorities' commitment to economic rebalancing and structural reforms, HSBC said on Monday. Even dismissing the economic ...
Tags: weaken currency, RMB
Chinese stocks opened higher on Thursday morning, with the benchmark Shanghai Composite Index up 2.43 percent, or 77.09 points, to open at 3,251.21. The Shenzhen Component Index opened at 11,367.14, up 2.25 percent, or 250.59 points. ...
Tags: China Stocks, RRR Cut
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
The Reserve Bank of India (RBI), the country’s central bank, has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect. Consequently, ...
Tags: liquidity adjustment facility, banking system, Textile
China's annual economic growth likely slowed to 7.2 percent in the fourth quarter, the weakest since the depths of the global crisis, a Reuters poll showed, which would keep pressure on policymakers to head off a sharper slowdown this year. ...
Tags: economic growth, GDP data