SHANGHAI China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight.
SHANGHAI China's central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of policy tightening as the economy shows signs of steadying.
SHANGHAI China's central bank raised interest rates on a key funding tool, the medium-term lending facility (MLF), on Tuesday in its latest bid to cut debt levels and bolster financial stability.
SHANGHAI China's offshore yuan pared some of its sharp gains racked up this week, but is still on course for its biggest weekly rise after Beijing was suspected of pushing up overnight borrowing costs to discourage bearish bets on the currency.
SHANGHAI Zhang Yuting lives and works in Shanghai, has only visited the United States once, and rarely needs to use foreign currency. But that hasn’t stopped the 29-year-old accountant from putting a slice of her bank savings into the greenback.
SHANGHAI China's yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a week-long holiday.
SHANGHAI China's central bank injected cash into money markets through 14-day reverse repo agreements for the first time since February in a sign policymakers were worried rising leverage could stoke bubbles in the bond market.
BEIJING China will offer 2 billion yuan, or $308 million (212 million pounds), in subsidies to public hospitals in 100 trial cities, the State Council, or cabinet, said in an announcement on 2016 health care reform goals on Tuesday.
BEIJING, April 26 China will offer 2 billion yuan, or $308 million, in subsidies to public hospitals in 100 trial cities, the State Council, or cabinet, said in an announcement on 2016 health care reform goals on Tuesday.
BEIJING China's January trade performance was worse than expected as tepid demand persisted both at home and abroad, raising expectations of further government measures to arrest the slowdown and to quell market jitters.