China cuts interest rates for 3rd time in six months as economy sputters
China cut interest rates for the third time in six months on Sunday in a bid to lower companies` borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.
May 11, 2015, 10:46 AM IST
China cuts interest rates for 3rd time in six months to revive economy
China cut interest rates for the third time in six months on Sunday in a bid to lower companies` borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.
May 10, 2015, 15:11 PM IST
China new home prices fall in April: survey
The average price in China`s top 10 cities was at 18,961 yuan per square metre, down 3.46 percent from a year ago, it said, accelerating from a decline of 3.19 percent in March.
May 01, 2015, 11:47 AM IST
China makes big cut in bank reserve requirement to fight slowdown
The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.
Apr 20, 2015, 09:43 AM IST
China cuts bank reserve ratio requirement as growth slows
China`s central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.
Apr 19, 2015, 18:14 PM IST
China bank lending rose in March: Central bank
Domestic banks extended new loans of 1.18 trillion yuan ($190 billion), the People`s Bank of China (PBoC) said in a statement, up from 1.02 trillion yuan in February.
Apr 14, 2015, 17:13 PM IST
China eases housing tax, lending rules to fight downturn
The policy sweeteners, which were more generous than what the market had expected, confirmed rumours swirling in China on Monday that authorities were increasing support for the flagging real estate sector.
Mar 31, 2015, 09:58 AM IST
China manufacturing shrinks again in February: Govt
China`s manufacturing activity contracted for the second straight month in February, the government said Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world`s second-largest economy.
Mar 01, 2015, 08:13 AM IST
China bank lending up in 2014 as govt seeks credit boost
China`s bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world`s second-largest economy.
Jan 15, 2015, 14:50 PM IST
China's yuan set for first big loss since 2005
The People`s Bank of China (PBOC) fixed the official midpoint at 6.1190 per dollar, 0.06 percent higher than Tuesday`s 6.1224.
Dec 31, 2014, 11:31 AM IST
China considering replacing central bank head: WSJ
Chinese central bank Governor Zhou Xiaochuan, an advocate of pro-market financial reforms, may lose his job in a reshuffling that follows internal battles over overhauling the economy, the Wall Street Journal reported on Wednesday.
Sep 25, 2014, 04:18 AM IST
China central bank injects $81 billion into major banks
China`s central bank is injecting a combined 500 billion yuan (USD 81.35 billion) of liquidity into the country`s top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
Sep 17, 2014, 11:33 AM IST
Bank of China approved for yuan clearing in Frankfurt
China`s central bank has approved Bank of China, one of the country`s major financial institutions, as the clearing bank for yuan transactions in Germany`s financial centre Frankfurt, it said Thursday.
Jun 19, 2014, 18:34 PM IST
