Tag: People’s Bank of China (PBOC)
China’s Q4 GDP Slowest in 1.5 Years
China, the world’s second-largest economy, got off to a strong start in 2021 following the economic turbulence...
China Gave Out A Record $3.14 Trillion in New Bank Loans
Data released by the People’s Bank of China (PBOC) on Jan. 10 showed that China’s new yuan loan lending...
Chinese Real Estate Firms Pressured With Pending Wage Dues and Bond Payments
Property developers in China are facing a tough time financially. Many are unable to pay their suppliers...
Chinese Central Bank Slashes Main Interest Rate Amidst Economic Pressure
On Dec. 20, the People’s Bank Of China (PBOC) announced a five-basis point cut in its one-year Loan Prime...
China’s Central Bank Increasingly Under Beijing’s Control
Pressed by senior leaders anxious about the declining economic growth, the People’s Bank of China (PBOC...
Fitch: China’s Evergrande Finally Defaults On Debt
Real estate behemoth China Evergrande Group has been crippled with business issues and is struggling...
China’s Factory and Consumer Inflation Spikes, Little Relief in Sight
China’s producer price index (PPI) rose by 13.5 percent in October year-on-year, which is a faster rate...