China to press ahead with global use of yuan
As the dollar-centered international monetary system appears increasingly fragile, efforts to raise the yuan's global profile are seen as essential not only for safeguarding…
Zhou Lanxu
China’s forex reserves hit highest level in decade
The $3.3387 trillion in reserves marked the highest level since November 2015, when it stood at $3.4383 trillion, according to the foreign exchange regulator.
China’s monetary policy likely to stay accommodative in H2
While the central bank may focus on improving the effectiveness of existing monetary policy tools, additional support, such as cuts to the reserve requirement ratio and policy…
China optimises foreign exchange reserve structure
Nation likely to increase investments in non-dollar assets, say economists.
Market sees moves to stabilise yuan
Additional policy measures supportive of yuan stability appear to be in the pipeline, to counter the lingering uncertainties of US monetary policy and help the Chinese currency…
China implements biggest mortgage rate cut on record
The 25-basis-point cut marks the biggest cut since the over-five-year loan prime rate served as an interest rate benchmark in 2019.
China’s rate cuts hold key to recovery: Experts
The experts commented after a faster-than-expected credit expansion signaled a nascent recovery in the nation's financing demand.
China to stay top contributor to growth: IMF
The country's real estate sector is undergoing a needed adjustment to address oversupply, which can ultimately help stabilize economic growth, with more supportive policy measures…
China’s forex reserves expected to increase in 2024
For the full year of 2023, China's foreign exchange reserves rose by $110.29 billion, the biggest increase in six years, compared with a $122.5 billion drop in 2022.
China’s economic recovery tipped to continue this year
With governments at different levels well aware of the challenges faced by the property sector, measures to resolve the problem have been stepped up, and international investment…