China Proposes to Keep Online Payments in Check
The South China Morning Post’s George Chen reports that China’s central bank has...
China central bank
China Continues to Trim its US Debt to Avoid Risks
Though China remains America’s largest creditor by virtue of holding the largest amount of U.S. debt through Treasury bonds, China has also been selling a large portion of them in order to diversify risk. From the...
Japan Overtakes China as Largest Holder of Treasuries
From Bloomberg: China’s ownership of U.S. government debt fell in December by the most since 2000, allowing Japan to regain the position as the largest foreign holder of Treasury securities. Japan’s holdings rose 1.5 percent in...
China Will Sustain Growth Rebound, Central Bank Says
Thanks to its generous stimulus package and growth in loans, China’s financial forecast is generally positive. From Bloomberg: China will sustain its economic rebound this quarter and growth is likely to top the...
China vows to drain cash from financial system-Reuters
From Reuters: China’s central bank vowed on Thursday to step up its efforts to drain cash from the banking system, leaving less money for banks to lend for factories and property as strong data showed investment accelerating again. “We will remove fuel from the fire, so that they do not have the money to lend,” […]
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