Edition:
United States

Winni Zhou

Mar 16 2017

China, following Fed, lifts short-term rates to steady yuan, battle debt

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.

Feb 03 2017

China raises short-term interest rates in fresh tightening sign

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.

Jan 24 2017

China's central bank lifts two of its lending rates to rein in debt

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.

Jan 06 2017

Offshore yuan set for biggest weekly gain as China bears down on speculators

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.

Dec 18 2016

As yuan weakens, Chinese rush to open foreign currency accounts

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.

Oct 10 2016

China's yuan sinks to six-year low, then erases losses

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.

Aug 24 2016

China central bank cash injection signals leverage, asset bubble concerns

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.

Apr 26 2016

China to give 2 billion yuan in subsidies to public hospitals in 100 trial cities

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.

Apr 26 2016

China to give 2 bln yuan in subsidies to public hospitals in 100 trial cities

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.

Feb 15 2016

China January exports, imports shrink much faster than expected

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.

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