SHANGHAI China's central bank surprised markets on Monday with an injection of medium-term cash into the banking system, in what traders and analysts viewed as a move to calm nerves rattled by a string of recent bond defaults.
SHANGHAI, Nov 26 Chinese government-backed
entities may be stepping in to relieve investor anxiety
following a string of high-profile bond defaults, traders and
investors say, sending short-term borrowing costs plunging and
exchange trading volume surging.
SHANGHAI, Nov 16 China's central bank injected
more than $120 billion yuan into the country's banking system on
Monday in a move to soothe rattled nerves after a series of debt
shocks involving state-owned enterprises (SOEs) led to a bond
selloff last week.
SHANGHAI China will import over $22 trillion worth of goods over the next decade, and the country is accelerating its opening up in spite of the global coronavirus pandemic, Chinese President Xi Jinping said on Wednesday.
SHANGHAI China's move to cool a rising yuan stands little chance of stopping further gains, international banks say, as the strength of the world's second-biggest economy and a near-record yield advantage drive big and steady inflows.
SHANGHAI/BEIJING A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global dollar system - a devastating prospect once considered far-fetched but now not impossible.
SHANGHAI Urumqi, the capital of China's far western region of Xinjiang, has gone into "wartime mode" and launched an emergency response plan after the city reported 16 new coronavirus cases on Friday.
SHANGHAI China will maintain ample financial system liquidity in the second half of the year as the economy recovers from the coronavirus but will need to consider withdrawing that support at some point, its central bank governor warned on Thursday.