Millions of Chinese consumers ditch their credit cards amid prudent spending, slow economy
Weak consumer spending and a crackdown on inactive accounts have led to a plunge in the number of…
PBOC Warns on Imported Inflation, Focuses on Policy Transmission
(Bloomberg) — China’s central bank has warned on the risks of imported inflation from higher oil prices stemming…
China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser
China has sufficient leeway to cope with imported inflationary shocks from Middle East instability, a monetary-policy adviser to…
China fires back at currency-depreciation claims, denies using weak yuan to boost exports
Beijing has stressed that it does not intend to rely on a weaker yuan for trade gains, amid…
Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…
China Is Pumping Cash to Fill a $456 Billion Liquidity Shortfall
(Bloomberg) — The People’s Bank of China is boosting the supply of money available to banks to ensure…
China’s Central Bank to Lower Structural Interest Rates, Sees ‘Some Space’ for Policy Rate, RRR Cuts
(Yicai) Jan. 16 — The People’s Bank of China will cut relending and rediscount interest rates this month,…
China to cut relending rates, widen credit support for private sector and tech
China’s central bank is looking to pump 900 billion yuan (US$129.2 billion) worth of additional funds into private…
China to hide bad debt records for pandemic-hit borrowers who repay small loans
China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their…
China’s PBOC Vows Steps to Promote Use of Yuan Around the World
The People’s Bank of China in Beijing. Bloomberg (Bloomberg) — Chinese authorities pledged to make it easier for…