China capable of keeping RMB exchange rate stable
Beijing – A senior central bank official on Thursday reiterated that China is “capable and confident” of keeping the renminbi exchange rate generally stable on a reasonable and balanced level. China has gained much experience in dealing with exchange rate … Continue reading China capable of keeping RMB exchange rate stable
China banks show modest profit growth
Beijing – China’s five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown.Net profits at the country’s … Continue reading China banks show modest profit growth
The Trade Wars: The Pain and the Gain
Geneva – Neither protagonist in the U.S.-China trade war stands to benefit from their standoff, the U.N. said Monday, suggesting others could cash in instead, with the EU possibly winning big. In a report, the U.N. Conference on Trade and … Continue reading The Trade Wars: The Pain and the Gain
More Chinese provinces cut growth targets
Beijing – More Chinese provinces have cut their annual growth targets in 2019 than the year before, a sign of deepening pessimism among local governments amid weakening domestic demand and an prolonged trade dispute with the United States. The lower … Continue reading More Chinese provinces cut growth targets
ASEAN: China promotes use of yuan
Shanghai – China published a five-year blueprint seeking economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing’s latest effort to promote international use of the yuan currency. China’s state council, or cabinet, has agreed to build … Continue reading ASEAN: China promotes use of yuan