China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.
China rolls out broad rate cuts and other stimulus to spur weak economy
China announced a broad range of stimulus measures on Tuesday to support the faltering economy, stabilise the housing sector and restore market confidence. Stocks and bonds jumped after the announcement.
Cuts, cash, credit: China's latest bid to jumpstart flagging economy
China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and
China cuts another key interest rate to boost economy
China's central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy.
China bids to kickstart struggling economy as it unleashes biggest round of stimulus since Covid
The People's Bank of China cut its interest rate from 1.7% to 1.5%, eased mortgage rules and loosened bank rules to free more cash for new lending.
China breaks out its biggest economic band-aid yet
The People’s Bank of China announced a raft of measures on Tuesday aimed at boosting the flagging economy as the country seems likely to miss its 5% GDP growth target for 2024.
China central bank releases slate of support measures amid a deepening economic slump
Beijing will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis ...
China Puts a Band-Aid on Its Economy. It’s Still Missing the Real Problems.
Since taking the helm in July 2023, People’s Bank of China Gov. Pan Gongsheng had avoided giant stimulus bursts of the kind ...
China’s Central Bank Chief Is Task Master Xi Couldn’t Let Retire
Pan Gongsheng was axed from the Communist Party’s inner web last year. Then a slew of economic problems hit and the ...
China unveils raft of measures to boost economy
China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank ...
Factbox-China Rolls Out Broad Rate Cuts and Other Stimulus to Spur Weak Economy
China's central bank will cut banks' reserve requirement ratio (RRR) by 50 basis points in the near future, freeing up about ...
Property stocks in Hong Kong rally on mortgage stimulus
Hang Seng Mainland Properties Index surged as much as 5% after PBOC Gov. Pan Gongsheng announced several measures on Tuesday.
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China 10-year bond yield hits record low after PBOC signals more easing
China bond yields fell to a record low after the People’s Bank of China announced that it will cut the reserve requirement ...
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China unveils major stimulus package to revive slowing economy
China’s central bank unveiled a broad package of monetary stimulus measures to revive the world’s second-largest ...
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar ...
Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time
First he took a sip of tea to gather his composure. Then Chinese central banker Pan Gongsheng unleashed one of the country’s ...
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China Implements Monetary Stimulus to Combat Deflation and Spur Growth
China's central bank introduced monetary stimulus and property market support in response to deflationary pressures and ...
Beijing is no longer hiding its panic about the state of its economy
The stimulus blitz announced on Tuesday is sparking market speculation that Beijing is panicking over the state of its ...