SHANGHAI Three years ago, China's central bank engineered a cash crunch to force commercial banks to reduce their reliance on short-term money markets. Interest rates spiked, spooking global markets who feared a banking crisis was imminent.
SHANGHAI China's yuan will formally join the U.S. dollar, the euro, the Japanese yen and the British pound as a global reserve currency on Saturday, in a key milestone in the country's long campaign to boost its clout on the global stage.
SHANGHAI, Sept 30 China's yuan will formally
join the U.S. dollar, the euro, the Japanese yen and the British
pound as a global reserve currency on Saturday, in a key
milestone in the country's long campaign to boost its clout on
the global stage.
SHANGHAI China's struggling Liaoning province, a bellwether for China's municipal debt, sold bonds on Tuesday at much higher yields than its peers but well below its 2016 highs, suggesting investors see little immediate threat of default.
WASHINGTON/SHANGHAI The United States on Tuesday launched a challenge to China's price supports for domestic wheat, corn and rice at the World Trade Organization, charging that these far exceed limits that China committed to when it joined the WTO in 2001.
SHANGHAI, Sept 13 China's money rates rose
sharply for the second straight session on Tuesday as the
central bank kept campaigning against short-term leverage and
the prospect of higher U.S. rates raised the spectre of renewed
HANGZHOU, China China and the United States ratified the Paris agreement to cut climate-warming emissions on Saturday, marking a major step toward the enactment of the pact as early as the end of the year and setting the stage for other countries to follow suit. | Video
HANGZHOU, China The world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development (OECD), said on Saturday.
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.
SHANGHAI, Aug 24 China's state asset manager
sought to ease market worries about possible defaults, pledging
on Wednesday to scrutinize bonds maturing in three months and
saying a state-owned railway firm has managed to avoid default.