Advertisement
Advertisement
Frank Tang
Frank Tang
Beijing
News Editor, Political Economy 
Frank Tang joined the Post in 2016 after a decade of China economy coverage and government policy analysis.

President Xi has told financial cadres that their monetary policy toolkit must include a controversial means of injecting liquidity into China’s economy – one that has not been used in two decades.

After changes to its leadership and structure, and with draft laws altering its scope, China’s central bank looks to be taking on a different role from years past – one which seems notably distinct from Western norms.

videocam

As China makes strides to invigorate economic growth, its aggregate financing reached 6.5 trillion yuan in January – a year-on-year increase of more than half a trillion.

Advertisement

China’s central bank announced on Wednesday that the reserve requirement ratio for commercial banks will be reduced by 50 basis points from February 5, but analysts are expecting more supportive measures.

videocam

China’s Ministry of Commerce on Tuesday asked exporters of rare earth metals and oxide products to report transactions, with importers of crude oil, iron ore, copper ore concentrates and potash fertiliser also asked to report orders and shipments.

videocam

China’s twice-a-decade financial work conference concluded on Tuesday, with President Xi Jinping saying Beijing must ‘comprehensively strengthen financial supervision’.

Chinese Vice-premier He Lifeng has been confirmed as the office director of the Central Financial and Economic Affairs Commission, taking over from predecessor Liu He.

Official obituary of former leader, who died in Shanghai on Friday, hails his contributions to the economy, belt and road, poverty relief and his support for President Xi Jinping.

videocam

CEO Andrey Kostin expects to see broader use of China’s yuan in the global financial system to help offset the impact of international backlash following Russia’s invasion of Ukraine.

videocam

China will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday, announcing the move hours after hitting back over a planned probe into its electric vehicle exports.

videocam

The People’s Bank of China will cut the reserve requirement ratio for foreign-exchange deposits later this month in the latest move to support the yuan exchange rate and prop up the faltering economy.

China’s official manufacturing purchasing managers’ index (PMI) rose slightly to 49.7 in August from 49.3 in July, while the non-manufacturing gauge fell by 0.5 points to 51, according to data released on Thursday.

videocam

In his five months as premier, Li Qiang has been on the move at home and abroad, touting President Xi Jinping’s agenda while trying to empower the economy in the face of mounting questions and uncertainties.

videocam

Struggles by China Evergrande Group and now Country Garden have underlined the problems faced by China’s property sector, leaving investors, homebuyers and economists to ponder what will be next.

videocam

The People’s Bank of China cut the rate of the one-year medium-term lending facility (MLF) on Tuesday, while also lowering the seven-day reverse repo rate.

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.

videocam

Real estate policies across China will be adjusted faster to help the nation cope with ‘setbacks’ from the ebb and flow of economic development in a post-Covid climate, according to the 24-member Politburo.

videocam

Days after worrisome economic figures rankled the market, Beijing unveils a list of fresh new promises and policy solutions – with more concrete details to come soon.

videocam

China’s top economic planner has endorsed projects by 10 leading internet giants, including Alibaba, Tencent and Meituan, ending a two-and-a-half-year investigation into platform companies.

videocam

China’s customs agency says the plan to discharge treated nuclear-contaminated water from the 2011 disaster in Fukushima into the sea fails to fully reflect expert opinions, with authorities vowing to take all necessary measures to ensure consumer safety.

videocam

US Treasury Secretary Janet Yellen will begin a four-day visit to China on Thursday, and is set to meet senior officials to ‘work together to address global challenges’.

videocam

Think tank calls for Beijing to issue 1.5 trillion yuan in treasury bonds to prop up consumption as country faces uneven economic recovery despite Dragon Boat Festival tourism boost.

videocam

Tsinghua University Professor Ju Jiandong said China should counter Washington’s decoupling endeavours by building an Asian community ahead of a visit to Beijing by US Secretary of State Antony Blinken.

China’s economic growth continued to lose momentum in May amid weak retail sales and industrial production, while youth unemployment rose to a record high, data released on Thursday showed.

People’s Bank of China lowered the interest rate on its one-year medium-term lending facility (MLF) loans on Thursday after the US Federal Reserve voted overnight to hold its benchmark lending rate after 10 straight increases.