SHANGHAI/BEIJING China's ability to stabilize the yuan in recent weeks despite weak economic data and a further escalation in its trade war with the United States is reinforcing expectations that the central bank will cut banks' reserve ratios again within weeks.
TIANJIN, China China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world's largest economies. | Video
Peking/Washington Der Handelsstreit zwischen den weltgrößten Wirtschaftsmächten USA und China geht in die nächste Runde: Nur wenige Stunden nach der Verhängung neuer Strafzölle durch US-Präsident Donald Trump kündigte die Volksrepublik am Dienstag Vergeltungsmaßnahmen an.
* Aug loans 1.28 trln yuan, less than f'cast but up sharply y/y
* Aug loans 1.28 trln yuan, less than f'cast but up sharply y/y
BEIJING The Chinese government is expediting plans to invest billions of dollars in infrastructure projects as its economy shows signs of cooling further, with investment growth slowing to a record low and consumers turning more cautious.
BEIJING China's new yuan loans exceeded expectations in July while growth of broad money supply rebounded to a five-month high, as the central bank sought to step up policy support for the economy amid a growing trade battle with the United States.
Peking Die Eskalation des Handelsstreits mit den USA löst offenbar Spannungen innerhalb der Führung in Peking aus.
BEIJING A growing trade war with the United States is causing rifts within China's Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the U.S. position, according to four sources close to the government.
BEIJING China's foreign exchange reserves unexpectedly rose in July even as worries over escalating trade tensions between the United States and China have caused market volatility.
Turkish President Tayyip Erdogan said a Turkish court, not politicians, will decide the fate of an American pastor whose detention on terrorism charges has hit relations between Ankara and Washington.