Market Will Set Yuan Level: China
Investors have been expecting a reduction in how much cash must be kept at PBOC by commercial lenders, after required reserve ratios were cut in November and again in February to lower them from their record high in June of 21.5%.
Factory Activity Slows in China
Falling factory activity in China, mirroring lower demand both among domestic and foreign customers, may force Beijing to turn to growth policies to keep its economy revved up.
Yuan Hits All-Time High
The yuan hit an all-time high on Monday during the day's trading, closing up against the dollar, and traders said it may be on the way to a more than 4% growth rate for 2011.
China May Form More Credit Ratings Agencies
The head of the People's Bank of China said Sunday that the financial institutions should reduce their reliance on foreign credit-rating agencies and that the nation is considering forming its own such entities which would be backed by the government.
Another Sign China Growth Is Stalling: November PMI Falls
In November, HSBC purchasing managers index fell from prior month.
China Cuts Reserve Ratio
In a sign that China's red-hot economy is cooling down, for the first time in three years Beijing took the brakes off. China's central bank cut the required reserve ratio for the country's banks, in an action taken Wednesday that was designed to ease credit and boost economic activity.
China to Be Hurt by ‘Black Death’ of Europe’s Debt Crisis: Commentary
A commentary appearing in the overseas edition of the People's Daily, the chief newspaper of the Chinese Communist Party, said that the euro zone debt issue was spreading like the Black Death and would harm China itself.
China Inflation Rate Is Fastest in Three Years
China's inflation rate for July hit 6.5%, its highest in three years, despite Beijing's best efforts to control it through required reserves for its banks and increased interest rates—five just since October.
China Must Escape ‘Dollar Trap:’ Former Official
China should stop buying U.S. dollars and allow the renminbi to float as quickly as possible, according to a former member of the monetary policy committee of China's central bank.
Chinese Lending Gains Momentum
Efforts by China failed to slow down loans given by banks in the second quarter.