China Central Bank Extends Emergency Loans to Financial Firms
Extends hundreds of billions of yuan in loans to ease liquidity crunch, continuing debt selloff
China Sends Bubbles To North America
China’s money flow could have consequence....
Caixin Media
02.19.16
Central Bank Governor on Reforming the Exchange Rate, Adopting a Digital Currency
Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other...
Conversation
01.27.16
Is George Soros Right that China’s Headed for a Hard Landing?
On Tuesday in an article headlined, “Declaring War on China’s Currency? Ha ha,” the People’s Daily attacked billionaire investor George Soros for suggesting he might short the renminbi. The Chinese currency has dropped 5.7 percent since August...
Why It’s Getting Harder to Understand China
The depreciating yuan is exposing the increasing difficulty in getting a firm reading on economy.
Chinese Stock Plunge Forces a Trading Halt, and Global Markets Shudder
The aftershocks carried over to Europe and the United States, where markets fell sharply once again.
China Manufacturing Picks Up
China’s PMI rose slightly in December, but economists don’t expect significant rebound in economy.
Conversation
12.03.15
Does the Renminbi’s Elevation to Global Currency Matter?
On November 30, the International Monetary Fund approved the Chinese renminbi, also known as the yuan, as one of the world’s leading currencies, underscoring the country’s rising global financial importance. What’s behind the decision and what...
Conversation
11.02.15
How Far Have China’s Economic Reforms Come over the Past Year?
As the Chinese Communist Party leadership wrapped up its Fifth Plenum, the meeting at which the Party’s leadership set the Five Year Plan that will shape economic policy through 2020, what progress has been made on the “...
China’s Complexity Problem
The challenge for Xi Jinping is to prioritize plentiful political will in a way that keeps China on the course of reform and rebalancing.
China Cuts Interest Rates Amid Mounting Concerns Over Economy
The cut followed a global stock market rout in which China led with a 7.6 pct plunge Tuesday to its lowest level this year.
US, European Markets Bounce Back, China Crisis Continues
Dow Jones rises more than 300 points in first 2 minutes after opening following 3 days of market losses that erased close to $3 trillion globally.
Conversation
08.25.15
Is the Bloom Off the Rose of China’s Economic Miracle?
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since...
Great Fall of China Sinks World Stocks, Dollar
A near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit.
Caixin Media
08.24.15
How to Solve China’s Currency Parity Puzzle?
Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.
The...
Caixin Media
07.20.15
How Beijing Intervened to Save China’s Stocks
Top executives from 21 securities firms spent the morning of Saturday July 4 pinned to government office chairs while the future of China’s stock markets hung in the balance.
They’d been summoned on a day off to the Beijing office of the...
China’s Zhou Says PBOC Has Room to Act on Growth Slowdown
The central bank chief's remarks follow China's weakest expansion since 1990.
South Korea Says It Will Join China-Led Asia Infrastructure Investment Bank
Seoul makes assurances about AIIB’s governance, which U.S. has been wary about.
Don’t Worry About China Slowdown, Premier Li Tells Davos
China will avoid a hard landing and is focused on ensuring long-term medium-to-fast growth, Premier Li Keqiang told global leaders in Davos.
Exclusive: China Ready to Cut Rates Again on Fears of Deflation — Sources
Friday's surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures before finally deciding last week that a bold monetary policy step...
Caixin Media
11.17.14
Visa and MasterCard Confront China’s Stacked Deck
Visa and MasterCard executives eager to expand in China were thrilled recently when Premier Li Keqiang seemed to suggest that a door would open to them for bank card yuan business in the country.
But they had read Li wrong: The premier's...
A New Central Banker for China?
In the world of rumours, Zhou Xiaochuan, China’s central bank chief, has lost his job multiple times. First there was a 2007 reshuffle when he was pushed aside early in his tenure, sidelined to an academic role.
The China Africa Project
05.27.14
China’s New Diplomatic Strategy in Africa: Humility
Just a few weeks after Chinese premier Li Keqiang admitted that China was going through “growing pains” in its engagement with Africa, Beijing’s central bank chief, Zhou Xiaochuan, acknowledged some of the 2,500 PRC companies operating in Africa...
China’s Currency Suddenly Reverses Direction, Stuns World Markets
Some speculate that the reversal is a prelude to currency reform, yet others think that China is purposely pushing the yuan down in value to give its exports a lift amid the nation’s decelerating growth.
Is China really running out of cash?
Citibank fund transfer delays sparks concern over a possible nation-wide liquidity shortage.
China Dwarfs U.S. in Monetary Stimulus
Can China slow credit growth and money supply without causing slumps in real-estate and business?
Conversation
07.23.13
What Would a Hard Landing in China Mean for the World?
Barry Naughton:
Paul Krugman in a recent post (“How Much Should We Worry About a China Shock?” The New York...
Caixin Media
07.22.13
Liberal Urge Gaining Support for Bank Policy
The orchestra is tuning up for an interest rate liberalization initiative that financial analysts are calling music to their ears.
Recent high-level comments and policy statements heard in Beijing have clearly sounded a central government...
Conversation
04.18.13
How Fast Is China’s Slowdown Coming, and What Should Beijing Do About It?
Slower Chinese GDP growth is not a bad thing if it’s happening for the right reasons. But it’s not happening for the right reasons.
Instead of reining in credit to try to curb over-investment, Chinese authorities have allowed a renewed...
Zhou Seen Exiting PBOC as China Installs New Economic Leadership
Top finance official Vice Premier Wang Qishan will move to a new role and Commerce Minister Chen Deming is also likely to exit....
Over A Distressed Europe, It's Super China To The Rescue
China is considering lending even more money to bail out the region’s recessionary economies.