Bank of China articles & resources on Made-in-China.com

CPI Sees Its Slowest Pace in 2 Years

Mar 10, 2017

China's consumer price index, a key gauge of retail inflation, rose 0.8 percent last month, the slowest growth in two years, due to the distortion caused by the timing of the Chinese Lunar New Year. Analysts said the low consumer ...

Tags: retail inflation, vegetables, food prices

China Credit Tightening Ignored by Small Banks

Feb 24, 2017

Beijing's "cautious tightening signals" for credit are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ...

Tags: emerging markets

Threshold of 7 Yuan to Dollar Not Crucial

Jan 1, 2017

The yuan's so-called psychological threshold of 7 to the US dollar is not so important for the Chinese economy, analysts said on Thursday, after the central bank rejected an "irresponsible" media report that the yuan had fallen below that ...

Tags: US dollar, Chinese economy

China Is Facing Growth Deceleration

Dec 12, 2016

A slowdown in China is the greatest threat to the global economy, Harvard economist Kenneth Rogoff told BBC in a curious interview in late September. "The [Chinese] economy is slowing down much more than the official figures show." As the ...

Tags: Chinese economy, global economy

China Forex Reserves Fall for 4th Straight Month

Nov 9, 2016

China's foreign exchange reserves shrank for a fourth straight month in October, the central bank said Monday. The world's largest currency hoard fell to 3.12 trillion U.S. dollars last month, down 45.7 billion dollars from September, ...

Tags: Forex Reserves, foreign exchange

Beijing Stores Cut Gold Prices on Slump

Oct 11, 2016

The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...

Tags: Gold, Gold Prices

Renminbi's Inclusion in SDR

Oct 9, 2016

"The inclusion of the renminbi in the SDR is the biggest structural event in currency markets since the creation of the euro66." This was the title of a recent article published on the Euromoney website. This neatly sums up the view of ...

Tags: RMB, Renminbi, SDR

China's Industrial Profits Showed Positive Changes

Oct 1, 2016

China's industrial profits showed positive changes in August thanks to policy-level efforts to reduce waste and also to a low base of comparison. But economists hastened to add that uneven growth is seen across sectors, and the country ...

Tags: Industrial Profits, industrial output

China Q1 Non-Cash Payments Rise

Jun 8, 2016

The amount of non-cash payments in China in the first quarter rose 7.1 percent year on year, according to a central bank report released on Tuesday. The amount of money involved in non-cash payments,including commercial papers, bank cards ...

Tags: Non-Cash Payments, commercial papers

China to Make Gold Imports, Exports Easier

May 6, 2016

China will test a new policy that aims to make the import and export of gold a lot easier, according to a statement jointly issued by the People's Bank of China and the General Administration of Customs. The new policy, set to be tested ...

Tags: Gold Imports, Gold

PBC Injects More Money Into Market

Apr 3, 2016

China's central bank continued to pump money into the market to ease a liquidity strain this week. The People's Bank of China (PBC) conducted 395 billion yuan (61.16 billion U.S. dollars) of seven-day reverse repurchase agreements (repo) ...

Tags: liquidity strain, PBC

Samsung Pay Hits China Ahead of Europe

Mar 30, 2016

Samsung Pay has joined the ultra-competitive mobile payment market in China. Towards the end of 2015, Samsung revealed that it was bringing Samsung Pay to China in early 2016. This followed closely on the heels of a similar announcement ...

Tags: Samsung Pay, Apple pay

China's New Yuan Loans Drop in Feb.

Mar 12, 2016

China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...

Tags: China's New Yuan, new loans

China's Forex Reserves Continue to Drop

Feb 7, 2016

China's foreign exchange reserves dropped by 99.47 billion U.S. dollars from December to 3.23 trillion U.S. dollars at the end of January, the central bank said Sunday. The decrease was milder than a month-on-month decline of 107.9 ...

Tags: Forex Reserves, foreign exchange

China's Economy Transitioning Not Derailing

Jan 22, 2016

China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 said on Thursday. The Chinese government ...

Tags: Economy Transitioning, Economy

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