Tag Archives: bank

GDP data show continued expansion

China’s economy expanded at a faster-than-expected 6.9 percent year-on-year in the second quarter and economists said the trend of stable growth is set to continue into the second half of 2017, paving the way for the country to strengthen reforms.

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Xi launches financial reforms

China unveiled reform plans on Saturday to improve the financial sector’s capabilities and serve the real economy while guarding against systemic risks.

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Growth in money supply scaled down

Growth in a broad measurement of China’s money supply dropped to a record low in June as regulators worked to reduce leverage in the nation’s economy.

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Nation should focus on key risk points, central bank warns

China should redouble its efforts to regulate key risk points in the financial sector to ensure financial stability, the central bank said on Tuesday.

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Cui blasts US arms sales, bank sanctions

Chinese Ambassador to the United States Cui Tiankai said that US arms sales to Taiwan and sanctions against Chinese companies and individuals will undermine confidence between the two countries.

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RMB use to grow in Belt, Road economies

China will expand the use of the renminbi in countries and regions related to the Belt and Road Initiative by improving cross-border payment and settlement facilities for the currency, a People’s Bank of China official said on Tuesday.

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