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United States

Winni Zhou

China central bank offers salve to jittery markets with surprise MLF injection

Nov 29 2020

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.

China's short-term rates sink as rumours swirl of government support

Nov 26 2020

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.

China c.bank tries to soothe market nerves after SOE debt shocks

Nov 16 2020

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.

Chinese President Xi pledges to import more as pandemic shakes global economy

Nov 04 2020

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.

Leading banks still bullish on yuan despite policymakers' nudge

Oct 12 2020

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.

In China, fears of financial Iron Curtain as U.S. tensions rise

Aug 13 2020

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.

China's western city Urumqi enters 'wartime mode' after reporting 16 coronavirus cases

Jul 18 2020

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.

China pledges continued economic support but warns of liquidity hangover

Jun 18 2020

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.

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