Central Bank Seeks to Reassure after Rate Spike
As a rise in short-term interest rates has stoked fears of tightened liquidity, China’s...
interest rates
How Free is the Shanghai Free Trade Zone?
China opened a new free trade zone in Shanghai on Sunday, allowing banks and other businesses to...
State Council Approves Shanghai Free Trade Zone
The People’s Daily reports that China approved the creation of a special free trade zone in Shanghai: The project, occupying 28 square kilometers, will center around the Yangshan Deep Water Port and will take more than 10...
World Bank Forecasts Lowest China Growth in a Decade
The World Bank lowered its growth forecast for China to 7.7 percent on Monday, 0.5 percent below its April estimate, according to the China Daily: The World Bank also lowered China’s growth forecast in 2013 to 8.1 percent,...
Banks, Insurers Swimming Different Currents
Following last weekend’s interest rate cuts by The People’s Bank of China, which signaled a move toward a more market-based banking system, The Wall Street Journal reports that China’s banks will likely feel...
CDT Money: Game On
Under a cloud cover of speculation about a potential fiscal stimulus package, China’s central bank announced a 25 basis point cut to lending and deposit rates on Thursday, its first interest rate cut since late 2008 and...
PBOC Cuts Interest Rates as Economy Continues Slide
China’s central bank announced a 25 basis point cut to borrowing and lending rates on Thursday, the latest measure taken to stave off a hard landing for the economy. From The New York Times: The interest rate cut was the...
CDT Money: Stimulus 2.0?
After the Chinese government stepped up public statements in support of a stimulus to aid its sputtering economy, analysts and investors are now left to speculate what form a potential fiscal package may take. State media,...
CDT Money: Uneasy Status Quo?
In a week dominated by the political drama surrounding the dismissal of embattled Chongqing party secretary Bo Xilai, speculation continued over possible monetary easing despite mixed messages from officials as they seek to...
CDT Money: Property Showdown?
Analysts and investors spent the early part of the week digesting the announcement of a 50 basis point cut in China’s reserve requirement ratio, a move expected to release up to 350-400 billion yuan into China’s...
Real Estate Prices Tumble as Chinese Government Tries to Contain a Bubble
The Chinese government hiked interest rates and tightened limits on bank lending and mortgage availability in an effort to tame inflation and prevent a stimulus-induced housing bubble from bursting, and The New York Times notes...
China Inflation Hits New 3-Year High
China’s newly released July inflation index reveals a three-year high, coming in at 6.5%, up from 6.4% in June. From Forbes: China is not winning its inflation fight and that could mean a return to monetary tightening in...
Record Yield Premiums Spur Best Yuan Gains in Three Months: China Credit
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China’s five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted...
China’s Inflation Rises As Food Costs Surge
The dramatic rise in Chinese food prices since January has renewed concerns about inflation in the Chinese economy. Some speculate that the government may once again decide to raise interest rates in response. From the New York...
Year of the Rabbit Ushers in China’s Second Rate Rise in Six Weeks
With prices rising along with inflation, the Chinese government took action by raising the interest rate for the second time in six weeks, and promised more increases would be coming. From the Guardian: Financial markets are...
Chinese Stocks Tumble after Rate Hike; Banks Outperform
MarketWatch reports on the interest rate increase announced by the People’s Bank of China today: Mainland Chinese and Hong Kong shares fell sharply in early Wednesday trading after the central bank surprised markets a day...
China’s Recovery Keeps Focus on Interest Rates and Currency
The New York Times reports: China’s accelerating economic recovery without signs yet of a surge in inflation may give the government some leeway in making two crucial decisions: raising interest rates and revaluing the Chinese...
China 2008: The Global Financial Crisis
This next article in the CDT series on important issues facing China in 2008 focuses on China’s role in the global financial crisis. To give a deeper understanding of China’s up-and-coming role on the world stage,...
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