Health & Environment
Lifestyle & Culture
Fashion & Beauty
Travel & Leisure
Family & Relationships
Food & Drink
Health & Wellness
Arts & Culture
Design & Interiors
Arts & Music
Latest from Frank Tang
The People’s Bank of China (PBOC) on Tuesday said that banks extended 1.69 trillion yuan (US$240 billion) in September, a rise from 1.21 trillion yuan in August.
September’s consumer price index was 3.0 per cent, largely due to soaring pork prices, while the producer price index fell further into deflation at minus 1.2 per cent.
China's imports dropped by 5 per cent in the first nine months of 2019, reflecting a slowdown in the world’s second biggest economy.
Demolition, renovation and new-build projects create more than 1.5 billion tonnes of waste every year, but only 100 million tonnes are properly processed, magazine report says.
Xiang Songzuo, an outspoken economist at the Renmin University of China, believes change is essential to create a new driver for economic growth.
Local governments will receive 50 per cent of the country’s value-added tax revenue, as well as a share of income from sales taxes, according to China’s State Council.
The Washington-based World Bank cuts China’s 2019 gross domestic product forecast to 6.1 per cent, just above the bottom-end of the government’s target range.
China’s central bank has introduced a new mortgage rate interest system, granting banks greater autonomy in setting the prices they can charge clients.
Retail and catering sales rose 8.5 per cent, decelerating from a 2018 growth rate of 9.5 per cent, marking the slowest growth since the comparison was published in 2001.
Libra was unveiled three months ago and is pending global regulatory approvals, while China’s digital currency electronic payment is believed to be ready to launch.
Study will provide government with a clearer picture of people’s repayment capabilities and could influence future macroeconomic policy decisions, lender says.
People’s Bank of China says it will ‘make flexible use of multiple monetary tools to maintain reasonably ample liquidity … deepen interest rate liberalisation’.
The People’s Bank of China’s auctioned 10 billion yuan (US$1.4 billion) of six-month bills in the embattled city on Thursday.
People’s Bank of China governor Yi Gang addressed plans for bailing out regional banks after Baoshang Bank, Jinzhou Bank and Hengfeng Bank all ran into difficulties.
People’s Bank of China head Yi Gang says a series of regulatory issues need to be addressed before Beijing can issue sovereign digital currency.
China Investment Corporation (CIC) saw a 2.35 per cent negative return on its overseas investment portfolio in 2018 in contrast to the gain of 17.6 per cent in 2017.
One-year loan prime rate set to 4.20 per cent from 4.25 per cent following rate reductions by US Federal Reserve and European Central Bank last week.
Data reveals half of Chinese have begun saving for retirement, up from 46 per cent in 2018.
The National Reform and Development Commission has completed its initial assessments, which will be used to label firms excellent, good, fair or poor.
New data released on Monday highlighted the decline underway in China’s industrial economy, and the difficulty in pinpointing the root cause of the problems.
The People’s Bank of China is under pressure to provide liquidity to support growth with the US Federal Reserve and European Central Bank also planning changes.
Front-page commentary in state-owned China Securities Journal said that People’s Bank of China now had a ‘road map’ for China’s interest rate trajectory.
Aggregate financing, the broadest measure of credit support for the real economy, rose to 1.98 trillion yuan last month, well over expectations of 1.60 trillion yuan.
Beijing changes course on macroeconomic policy to cope with slowdown pressure amid the trade war with the United States.
Gita Gopinath, the International Monetary Fund’s (IMF) chief economist said in Beijing on Friday, said that ‘there has been weakness in trade across the board’
People’s Bank of China cuts reserve requirement for all banks by 0.50 percentage point effect September 16.
State Council calls for more subsidies for low-income consumers and more special purpose bonds to fund additional spending on infrastructure and other project.
Financial Stability and Development Commission, chaired by Vice-Premier Liu He, says Beijing is ready to step up help for the growth amid escalated trade tensions.
Beijing lays out road map after Baoshang Bank, Jinzhou Bank and Hengfeng Bank all ran into trouble in recent months.
Senior IMF staffer in Beijing says that China should be able to depreciate yuan if trade war escalates, saying ‘that is what exchange rates are for’.
Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.