China Macro Economy /

Fiscal & Monetary Policy

Related Topics:
China economy
Foreign Direct Investment
Foreign exchange market
China digital currency
Yuan
People’s Bank of China (PBOC)
Goldman Sachs analysts have noted a subtle shift in the PBOC’s tone that they say suggests a more cautious outlook. Photo: Shutterstock
China's economic recovery

China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

But if China can stay on track to meet its economic growth target, no action is still a possibility, analysts say.

China debt

In China, Ray Dalio discusses global debt issues as Beijing seeks his counsel

videocam
4
China's economic recovery

Why China’s property crisis is putting tax overhaul on new 5-year plan agenda

videocam
China's economic recovery

China’s Xi calls for building unified market to ‘secure an edge’ in global race

President says creation of a unified national market will be vital to achieving China’s development goals.

President Xi Jinping has called for more efforts to build a unified domestic market, as the country’s leaders begin drafting their next five-year plan. Photo: Xinhua
President Xi Jinping has called for more efforts to build a unified domestic market, as the country’s leaders begin drafting their next five-year plan. Photo: Xinhua
Banking & finance

‘Urgent revisions’ mulled for China’s bankruptcy law, with shortcomings in mind

Move could help clear economic bottlenecks and eliminate ‘zombie enterprises’, while better protecting the rights of stakeholders, economic law professor says.

videocam
US-China trade war

China pushes development bank to help 10 Eurasian countries curb US dollar risks

President Xi Jinping raises urgency of a bank for the Shanghai Cooperation Organisation’s members, as Washington wields ‘extraterritorial power with the dollar’.

videocam
26
Advertisement
Advertisement
Advertisement
Yuan

China’s yuan fixing rate hits 9-month high after dovish pivot by US Fed chair

Move by China’s central bank comes after Jerome Powell opened the door to an interest rate cut next month.

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than nine months. Photo: AFP
China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than nine months. Photo: AFP
China’s economic stimulus

China signals bolder policies to boost spending as economic headwinds rise

Premier Li Qiang called for more action to boost consumption and investment, following a concerning set of economic data for July.

Banking & finance

Chinese researchers lodge concerns over US debt as Beijing limits exposure

As Washington’s debt burden sets records, worries grow over the viability of US dollar assets - reflected in China’s Treasuries holdings.

20
China consumption

China urged to overhaul its tax system to boost consumption

China’s current value-added tax regime is undermining Beijing’s efforts to rebalance the economy towards consumption, economists argue.

videocam
11
China is striving to rebalance its economy by boosting consumption, but economists argue that the country’s tax system does not incentivise local authorities to focus on developing their consumer markets. Photo: Shutterstock
Yuan

China’s big yuan devaluation sent shock waves 10 years ago – what has changed?

Lessons from the past, and an eye on the yuan’s globalisation, have helped shape a decade-long shift towards mostly market-based pricing for China’s currency.

In 2015, China shocked global markets with its largest one-day cut to the yuan’s reference rate, sending the currency tumbling nearly 2 per cent, relative to the US dollar. Photo: Xinhua
In 2015, China shocked global markets with its largest one-day cut to the yuan’s reference rate, sending the currency tumbling nearly 2 per cent, relative to the US dollar. Photo: Xinhua
China’s economic stimulus

New committee, bailout talk: is China launching a fresh property rescue effort?

China’s central bank has set up a new ‘financial stability committee’ and pledged to defuse risks in key regions and institutions.

videocam
6
Yuan

Explainer | China’s money launderers exploited a gem of a loophole - Beijing just plugged it

Financial crime watchdog targets dealers of precious metals and gems – and experts say that’s just the start as non-financial sectors come under the money microscope.

videocam
China’s economic stimulus

China’s Politburo calls for ‘stepped up’ economic policy support

The decision-making body said the country must ‘exert strength’ to maintain growth and avoid risks after meeting.

videocam
China’s Politburo, a major political decision-making body headed by President Xi Jinping, has concluded a meeting centred around the country’s economy. Photo: dpa
China’s economic stimulus

China’s strong GDP figures stoke debate over stimulus as US tariff risks loom

China’s economy beat market forecasts to grow 5.2 per cent in the second quarter, but analysts said headwinds would intensify in late 2025.

21
China’s economy has remained resilient in the first half of the year despite a trade war with the United States, but analysts predict headwinds will become stronger in the coming months. Photo: Getty Images
China’s economy has remained resilient in the first half of the year despite a trade war with the United States, but analysts predict headwinds will become stronger in the coming months. Photo: Getty Images
China's economic recovery

China’s monetary policy impact not yet seen, PBOC says with 5% GDP goal in mind

Central bank says the economy has not yet seen the full impact of its policy moves, which are evolving and being adapted as needed.

China consumption

Explainer | How can China boost consumer spending? Here are 5 ideas being floated in Beijing

As Beijing’s efforts to boost consumption begin to lose momentum, top Chinese economists are calling for bolder action.

videocam
7
Advertisement
Advertisement
Advertisement
China’s economic stimulus

Billions misused in China 2024 stimulus, from flood controls to gym gear: audit

Dozens of localities violated conditions of receiving funds, such as for large-scale equipment renewals and consumer goods trade-ins, top audit watchdog finds.

China’s top audit watchdog has revealed that tens of billions of yuan in funding were misused by localities amid a roll-out of stimulus measures last year, including for the nation’s trade-in programme. Photo: Xinhua
China’s top audit watchdog has revealed that tens of billions of yuan in funding were misused by localities amid a roll-out of stimulus measures last year, including for the nation’s trade-in programme. Photo: Xinhua
China consumption

‘Hefty price tag’ for subsidy scheme: is China’s consumer boost sustainable?

The subsidy scheme has been key to lifting China’s consumer spending this year. But it is expensive – and may be creating new problems.

4
Banking & finance

Are stablecoins the future? Don’t bank on it, warns the bank for central banks

Bank for International Settlements releases ‘advance chapter’ on stablecoins ahead of its Annual Economic Report that paints a future picture of a different financial system.

Yuan

China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged

The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.

videocam
9
With US dollar-pegged stablecoins increasingly popular, analysts say in Chinese state media that the development of yuan-backed stablecoins should come sooner rather than later. Photo: Shutterstock
Banking & finance

Open Questions | Veteran banker Jin Liqun on leading AIIB during its formative first 10 years

With his tenure as Asian Infrastructure Investment Bank president drawing to a close, the financier surveys the landscape for multilateral development.

videocam
6
Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Banking & finance

Mainland China, Hong Kong launching Payment Connect scheme to aid capital flows

‘Milestone’ programme links mainland China’s Internet Banking Payment System with Hong Kong’s Faster Payment System, simplifying cross-border payments.

China's economic recovery

Word is bonds: China’s provinces use special-purpose funds to pay debts

Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.

videocam
Banking & finance

China will boost the yuan’s global reach with new operations centre, PBOC says

The announcement at the Lujiazui Forum comes as China accelerates efforts to expand the global use of its currency amid growing US tensions.

videocam
People’s Bank of China Governor Pan Gongsheng speaks at the opening ceremony of the Lujiazui Forum in Shanghai. Photo: Reuters
Help preserve 120 years of quality journalism.
SUPPORT NOW