Tag: China Central Bank

• Monday, January 24th 2022 - 08:49 UTC

  China concerned about a slowing economy cuts lending rates to boost consumption

  

  The Chinese economy expanded 8,1% in 2021, following the 2,2% of 2020, as steadily growing industrial production and exceptional trade performance offset a drop in retail sales. Still, that figure fell short of economists' expectations for an 8.4% growth and year on year growth rate fell to 4,9% in the third quarter and 4% in the fourth quarter.

• Saturday, January 4th 2020 - 09:18 UTC

  China pumps an extra US$ 115bn stimulus to the economy effective Monday

  

  China moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world's second-largest economy was stabilizing.

• Tuesday, January 5th 2016 - 08:57 UTC

  Chinese markets recover after Monday's trading suspension; central bank injects funds

  

  Mainland Chinese shares recovered early losses amid volatile swings, following Monday's suspension of trading which led to a global equities sell-off. The Shanghai Composite was up 0.8% at 3,324.27 after opening more than 3% lower, while the Hang Seng also changed direction to head up 0.1% to 21,342.09.

• Wednesday, July 15th 2015 - 06:33 UTC

  Relief from China as economy expands 7% in second quarter from a year ago

  

  Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis. The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest since 2009 when it fell to 6.6%.

• Monday, April 20th 2015 - 06:24 UTC

  China cuts banks' reserve ratio to bolster lending and a weak economy

  

  China's central bank is to cut its bank reserve requirement ratio by one percentage point. The People's Bank of China said that the new reserve requirement would take effect from Monday. The aim is to stimulate more lending into the nation's slowing economy.

• Wednesday, November 19th 2014 - 07:19 UTC

  Short of dollars, Argentina appeals to China's Yuan to boost reserves

  

  The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.

• Monday, August 18th 2014 - 07:16 UTC

  Mixed data from China, and doubts about the 7.5% growth target for 2014

  

  China's latest industrial production and retail sales figures are higher in July from one year ago but the pace of expansion has slowed. Industrial production, a measures of output at factories, workshops and mines jumped 9% in July, compared to a 9.2% rise in June. Retail sales in July rose by 12.2%. But that's also below June's 12.4% spike.

• Thursday, July 5th 2012 - 22:20 UTC

  China cuts interest rate a week ahead of next week’s release of second quarter stats

  

  China's central bank cut interest rates for the second time in two months to bolster an economy widely expected to record its sixth successive slide in growth in April-June.