Tag Archives: central bank

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.

Posted in Politics | Also tagged , , , , , , , ,

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.

Posted in Business | Also tagged , , , , , , , ,

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.

Posted in Business | Also tagged , , , , , , , ,

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.

Posted in Business | Also tagged , , , , , , , ,

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.

Posted in Business | Also tagged , , , , , , , ,

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.

Posted in People | Also tagged , , , , , , , ,