Tag: People's Bank of China

• Monday, April 18th 2022 - 15:29 UTC

  China lowers banks' reserves to stimulate the economy

  

  China's central bank announced last Friday a flat reduction of 25 basis points of in banks' reserve requirements, as part of the anticipated pro-growth measures to stimulate the world´s second-largest economy. The slowing down of domestic consumption in the first half of the year, flared by the outbreaks in Shanghai, are expected to be stronger in the second half.

• Tuesday, June 8th 2021 - 07:43 UTC

  China's international reserves in May reach US$ 3,22 trillion

  

  Chinese gold and foreign currency reserves, the world’s largest, rose more than expected last month, according to official data published on Monday. The nation’s foreign exchange reserves increased by US$23.62 billion to US$3.22 trillion in May against US$ 3.198 trillion recorded in April.

• Tuesday, September 22nd 2020 - 08:29 UTC

  Chinese embassies in Suriname and Guyana accuse Pompeo of smearing Beijing

  

  China's embassies to Suriname and Guyana accused US Secretary of State Mike Pompeo of “spreading rumors” and “smearing” Beijing, after Washington's top diplomat criticized Chinese companies during a four-stop South America tour.

• Friday, August 7th 2020 - 08:31 UTC

  Argentina and China renew US$ 18 billion swap; Beijing will pay for agriculture imports in Yuan

  

  The central bank of Argentina announced it will renew a currency cooperation agreement with the People's Bank of China to swap US$ 18.2 billion worth of each other's currencies next week, El Economista reported on Friday.

• Monday, October 21st 2019 - 05:53 UTC

  Yuan at appropriate level says China, furious with IMF over quotas adjustments

  

  China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's Yuan at an appropriate level.

• Friday, August 9th 2019 - 07:56 UTC

  Despite the trade dispute, China's exports rose 3.3% during July

  

  Chinese exports rose unexpectedly in July, beating expectations for a fall, as trade tensions with the US continued to simmer. Official figures showed exports rose 3.3% last month, compared to forecasts for a 2% drop. Imports fell 5.6% in July, less than the expected 8.3% decline.

• Tuesday, March 1st 2016 - 07:55 UTC

  Chinese injects liquidity and helps boost volatile stock markets

  

  Chinese shares traded higher on Tuesday morning after a fresh stimulus push from the central bank to boost liquidity. The mainland benchmark Shanghai Composite rose 0.3% to 2,696.96 points.

• Monday, February 15th 2016 - 07:20 UTC

  With Chinese New Year over, central bank reaffirms strong Yuan policy

  

  Chinese central bank governor Zhou Xiaochuan has accused “speculative forces” of targeting the country's currency, the Yuan, and argued there was no reason for the Yuan to keep depreciating in value and that China would not let international speculators dominate market sentiment.

• Wednesday, August 26th 2015 - 06:08 UTC

  China gives banks more leeway and pumps liquidity to the system

  

  China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.

• Tuesday, August 25th 2015 - 13:32 UTC

  Shanghai Composite down on Tuesday, but European markets rebounding

  

  Shares in London and elsewhere in Europe rebounded at the start of trading on Tuesday, despite another night of steep falls for the Chinese stock market. The FTSE 100 rose 1.6% to 5,994.11, while Germany's Dax and Paris Cac were both up about 1.4%. The gains came after Chinese stocks continued their run of big losses.