Tag Archives: economy

Financial leaders express faith in China

The leaders of key international organizations, including the World Bank, expressed their confidence in China’s economic restructuring and growth prospects on Tuesday as the country pursues innovation-driven and sustainable development. They spoke during a roundtable dialogue in Beijing hosted by Premier Li Keqiang.

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China influencing world economy

China is becoming more of an influence on the world economy as the country becomes a major trading partner for many nations and a growing source of foreign direct investment, he said on Tuesday at Fitch’s Global Sovereign Conference in New York. Fitch is one of the “big three” US credit ratings agencies, alongside Moody’s Investors Service and Standard & Poor’s.

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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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