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Victoria Ruan
Victoria Ruan
Victoria Ruan works at a strategic consultancy firm in Washington DC, serving clients from Fortune 200 companies to SMEs looking to expand overseas. She previously worked as a research fellow at Eurasia Group in DC, and also wrote extensively about China’s macroeconomic policy and politics at the SCMP, WSJ and Bloomberg News in Beijing. She won the William R. Clabby Award, Dow Jones’ top annual honour, on her coverage of China’s financial reform. With a master’s degree from the School of Foreign Service at Georgetown University, Ms Ruan seeks to deepen understanding between China and the West. The opinions are her own.
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Member states of the US$100 billion Asian Infrastructure Investment Bank aim to put high standards of internal governance in place, ensuring the lender becomes "the best bank possible", according to France's ambassador to China.

The International Monetary Fund's finding that the yuan is no longer undervalued would appear to boost its chances of inclusion in the agency's Special Drawing Rights basket.

Agency declares currency level 'fair' for first time in decade as it urges faster reforms and a more flexible exchange rate.

Shanghai's stock market staged its biggest rally in four months, thanks to the government's plan to seek private capital for projects worth 1.97 trillion yuan (HK$2.5 trillion) to help revive sluggish investment.

The mainland's investment growth slumped to its lowest in more than a decade, but hopes are rising that economic expansion has bottomed, thanks to Beijing's latest efforts to ease local governments' debt burden and pump in liquidity, analysts say.

Rain Wu's passion led to a career change that saw her caring for wolves on a Chinese film. Now her dream is to set up an animal rescue centre.

Premier Li Keqiang has again shown impatience over bureaucratic delays, ordering officials to speed up trials on cutting tariffs for consumer products.

The mainland will reduce tariffs on popular imported consumer goods to boost spending amid the economic slowdown, the State Council announced.

'Substantial problems' remain in rule of law, market access, standards, and intellectual property rights, says American Chamber of Commerce in China

The yuan will become more popular with the launch of the AIIB and initiatives such as the Silk Road Fund, but the global dominance of the "redback" is still far off.

Beijing should cut taxes and accelerate public infrastructure investment to revive the mainland's economy, after the country recorded its slowest quarterly growth in six years.

China has recorded its slowest quarterly growth in six years, raising concerns about the country’s job stability while adding pressure on Beijing to speed up infrastructure investment.

China's exports and imports both fell sharply last month, sparking concern about the health of the world's second-largest economy.

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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.

Inflation on the mainland held steady but remained subdued last month, giving room for the government to further ease policy to revive sluggish economic growth.

Censorship and slow internet speed, regulatory barriers and air pollution are among the top problems hindering Beijing from becoming a competitive business centre that can lure fresh investment.

The national pension fund was expected to boost returns after expanding its investment scope to include local government debt and other products.

A former deputy finance minister may become the first head of the international development bank led by China that more than 50 countries around the world have signed up to join, according to analysts.

The easing of the mainland property policy this week has highlighted the crucial role the housing sector plays in supporting the economy, as well as the risks that sliding land sales pose to local governments' finances.

The People's Bank of China yesterday slashed the down payment needed to buy second homes in the country to 40 per cent after expectations of further stimulus measures had earlier powered mainland stocks to a seven-year peak.

PBOC governor Zhou Xiaochuan pledged to further liberalise capital account controls this year in a bid to create conditions for the IMF to include the yuan as an international reserve currency.

The mainland's trillion-yuan local government debt-for-bond swap programme would be carried out based on market demand with no help needed from the central bank, Finance Minister Lou Jiwei told the Post.

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.

Foreign investors pumped US$8.6 billion of long-term funds into China in February, mainly in the services sector, in a further sign that overseas firms are taking advantage of the broad rebalancing of the world’s second-biggest economy.

Premier Li Keqiang has used the annual legislative meeting to send a strong signal of government easing this year, and it appears the biggest beneficiaries would likely be the struggling Chinese property sector and the stock markets.

 Li Keqiang tells press conference at the end of the National People's Congress that the country faces more pain ahead due to the nation's economic slowdown

Guangdong's government debt swelled last year to "roughly" 1 trillion yuan (HK$1.25 trillion), as the central government tries to defuse the country's 17.9 trillion yuan in local government liabilities.

Mainland China’s economy saw a weak start with industrial output, retail sales, and investment growth which fuelled calls for the government to ease policy further to spur demand.

The high-profile Guangdong Free Trade Zone will be launched on March 18, soon after the National People's Congress, an officially backed trade association and a source close to the matter said.

China’s finance ministry said today that it is still assessing the debt situation reported by the nation’s local governments and paying close attention to regions where debt levels are too high.

A Bloomberg reporter arrived at the hall in the chilly capital at 3am today, only to find that three Reuters reporters were already waiting at the head of a queue.

The People's Bank of China's first universal cut in banks' reserve requirement ratios (RRR) in nearly two years was a stone targeting at least two birds.

Reforms to the mainland government's central-to-local fiscal transfers system will help to address an imbalanced allocation of resources, bridge regional development gaps and curb the misuse of funds by improving transparency.

The People's Bank of China decided to cut banks' reserve requirement ratio by 50 basis points from Thursday, a move that marks its strongest easing since the central bank lowered benchmark interest rates in November.

The first miss of a government growth target since 1998 and the mainland's slowest gross domestic product expansion in 24 years were still enough to create more jobs than expected in 2014.

Debt and deflation are the two biggest risks facing the mainland economy and may take years to resolve as a slowdown looms.

China’s economy grew 7.4 per cent in 2014, the slowest expansion in 24 years as it missed the annual growth target for the first time since 1998.