Equities in Asia closed mostly lower on Wednesday as China data came in mostly in line with expectations and markets awaited the Federal Reserve's decision on monetary policy.
In 2016, the People's Bank of China got a reprieve from the U.S. Federal Reserve. This year it needs no such help.
China's foreign currency reserves rose again ahead of a possible U.S. interest rate hike that might put new pressure on Beijing's exchange rate controls.
China’s central bank raised borrowing costs as a stable economy and factory reflation give it scope to follow the Federal Reserve in tightening policy.
Rising US rates complicate balancing act for Beijing as it faces capital flight
China hopes for a July inflate as exchange rates weaken....
Just a day after the Federal Reserve hinted that it could soon begin winding down its bond-purchasing program, investors were unnerved by reports that Chinese banks had become reluctant to lend to one another, causing interest rates in the...
