Chinese Economy

China's central bank makes move to ease fears of stock sell-off

PBOC's move could help economic restructuring. Photo: Reuters

The central bank has cut the level of cash that banks must hold, in the second such action this year that highlights the leadership's concerns after the first quarter saw the slowest economic growth since 2009.

Monday, 20 April, 2015, 9:04am 2 comments

Silk Road plan 'may take decades'

President Xi Jinping delivered a keynote address last month focusing on China's vision for the Silk Road initiatives. Photo: Kyodo

The threat of terrorist groups and uncertainty over China's future economic growth are some of the challenges facing the nation's New Silk Road initiatives, says a scholar at a Chinese government think tank.

19 Apr 2015 - 3:45am

China's Premier Li urges reluctant banks to support real economy

Premier Li Keqiang says downward pressure on growth is increasing.

Premier Li Keqiang has urged banks to do more to support the real economy, as mainland authorities grow frustrated with their reluctance to lend for productive investment.

19 Apr 2015 - 3:45am 1 comment

China's premier warns worst-performing provinces to boost economic growth

Premier Li Keqiang visits Jilin province last week. Photo: Xinhua

Premier Li Keqiang has urged leaders of the northeastern provinces to meet their economic growth targets this year, after the region registered the nation's worst performance last year.

15 Apr 2015 - 2:47pm

China’s central bank on alert for deflation

Governor of People's Bank of China Zhou Xiaochuan speaks at a sub-forum during the 2015 Boao Forum for Asia. Photo: Xinhua

China needed to be on alert for deflation, central bank governor Zhou Xiaochuan warned yesterday, amid signs of slowing price rises.

30 Mar 2015 - 8:14pm 1 comment

China's economic growth decelerates in Q1 2015 - surveys show

A market in China's Shanxi province as a survey showed an overall slowdown in the country's economy in the first quarter of 2015. Photo: AP


China’s economic growth may have decelerated in the first quarter of 2015, two private surveys indicated, although the institutions conducting the surveys appeared to split on how the slowdown may affect the labor market.

24 Mar 2015 - 9:48pm

Fujian province first to relax housing policies this year in China; cuts downpayment for buyers

Fujian will buy developers’ inventories for use as new homes to families whose old ones are pulled down to make way for city redevelopment. Such a measure will reduce real estate investment, which directly drives about 15 per cent of China’s gross domestic product. Photo: Simon Song

China’s Fujian province relax housing policy

18 Apr 2015 - 5:19pm

Gome profits grow 43 per cent, Huishang bank deal terminated

A Gome store in Shanghai. The company said its profits jumped 43 per cent in 2014. Photo: Bloomberg

Gome Electrical Appliances Holding said it brought in 1.28 billion yuan in profits in 2014, a 43 per cent jump from the year before.

23 Mar 2015 - 1:38pm

PetroChina vice chairman resigns amid graft probe

Former PetroChina vice-chair Liao Yongyuan at a conference. He has resigned and is under investigation for suspected graft. Photo: Reuters

PetroChina loses another top manager as anti-corrpution net widens

17 Mar 2015 - 8:51pm

China’s Finance Ministry issues rules on issuing local government bonds

China's Finance Ministry building in Beijing. Photo: Bloomberg

China’s Finance Ministry has issued rules governing the issuance of general local government bonds in a bid to strengthen management of local debt that has fuelled concern about default risks.

17 Mar 2015 - 6:02pm 1 comment

China to boost M&A loans in consolidation drive

People walk by Agricultural Bank of China branch in Guangdong as the regulator told commercial lenders to improve the terms of loans for mergers and acquisitions. Photo: Bloomberg

China’s banking regulator told commercial lenders on Thursday to better the terms of loans for mergers and acquisitions, the latest step in a drive to consolidate markets and reduce overcapacity.

14 Mar 2015 - 4:06am

State Council calls for angel investors to help grow start-ups and jobs in China

Chinese president Xi Jinping (left) and premier Li Keqiang are hoping start-ups and technology businesses can help drive up employment. Photo: EPA

The State Council, China's cabinet, issued a call yesterday for ministries and local governments at "all levels" to support innovation and start-ups

13 Mar 2015 - 10:26am 7 comments

Policy support eyed as China's imports sink

Cargo is loaded on a ship in China as the country's exports hit their strongest in five years although imports showed a sharp fall as well. Photo: Bloomberg

China's exports surged at their strongest annual pace in nearly five years in February, but trade data also revealed a successive steep slide in imports.

9 Mar 2015 - 8:22am 1 comment

China 'confident' about hitting 6pc trade growth target despite gloomy indicators

Commerce Minister Gao Hucheng faces the media in Beijing yesterday. He said the mainland will push for free trade deals. Photo: Reuters

China is confident of meeting this year's trade growth target of 6 per cent despite lingering weakness in global demand, Commerce Minister Gao Hucheng said.

8 Mar 2015 - 5:07am 2 comments

Rate cut no quick fix for China’s corporate borrowers

Chinese one-yuan coins sit on stop of a pile of yuan notes as the country's corporates face high borrowing costs in 2015. Photo: Reuters

Chinese corporations will continue to face high borrowing costs, and many could go belly up in 2015, despite the central bank’s continued efforts to bring rates down and keep liquidity lush.

Cuts to lending and deposit rates, like the ones the People’s Bank of China announced on Saturday, were aimed at easing monetary conditions on the mainland and supporting growth.

2 Mar 2015 - 6:24pm 1 comment