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BEIJING : China should shift the focus of its stimulus from investment to consumption and further loosen urban residency curbs to boost migrant workers' spending power, a central bank policy adviser said."The target of our stimulus…

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SHANGHAI/SINGAPORE: China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Monday, as expected, but markets expect monetary easing may be inevitable in the coming months to support…

SHANGHAI : China's central-bank digital currency is little used, a former official of the People's Bank of China (PBOC) said on Wednesday, financial news outlet Caixin reported.Expressing disappointment with the result of a trial in…

SHANGHAI : China's yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central bank warned against speculative trading and heavy one-way bets on…

The firebreak between mounting economic threats and a continuation in the global recovery: an imposing concrete and glass structure in the heart of Beijing’s financial district, elephant statues guarding the door, the Chinese flag flying…

SHANGHAI : China's short-term money rates eased from levels around their highest in months on Tuesday after the country's central bank stepped up liquidity injection to meet higher demand for cash towards the year-end.The People's Bank…

The marked economic slowdown of China in the second half of the year is testing the central bank’s policy mettle and has divided economists over whether more aggressive action would be required to avoid a deeper downturn. The People’s Bank…

SYDNEY : The dollar was firm on Friday ahead of U.S. inflation figures, which could settle the course of interest rates, while the Chinese yuan was nursing its sharpest drop in months after a nudge lower from authorities triggered a…

While growth has moderated due to a sporadic rise in coronavirus infections, China's economy is expected to grow 8 per cent this year, Yi said at an online meeting of the Group of 30 International Banking Seminar, which coincides with the…