Tag Archives: central bank

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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Fund plans an investment worth billions of dollars

China’s Silk Road Fund has an important role to play while at an early stage of the Belt and Road Initiative’s implementation because it helps leverage additional funding from various sources, according to a vice-governor of China’s central bank.

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IMF foresees stronger China, global growth in coming years

The International Monetary Fund on Tuesday raised its growth forecast for the Chinese economy and global economy in the coming two years.

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Inflation up, but not a worry

China’s consumer prices beat market expectations in January to hit a three-year high thanks to pickup in consumption and travel activities during the Spring Festival season, but analysts said inflation may ease in February and not become a major concern this year.

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Xi first top Chinese leader at Davos

Fighting trade protectionism, anti-globalization and boosting confidence in the Chinese economy will be high on President Xi Jinping’s agenda as he becomes the first top Chinese leader to attend the World Economic Forum next week.

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Reminbi steadier as central bank’s remedies take hold

Short sellers may find it more difficult to score profits from betting on a continued depreciation of the yuan, according to economists, who said measures rolled out by the central bank to stabilize market expectations have begun to take effect.

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