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.
Rising Yuan a Risk to China Stability, Says Benjamin Wey: Weekend Interview
In a Weekend Interview, AdvisorOne speaks with China expert Benjamin We, New York Global Group president, about the yuan's appreciation vs. the dollar.
China's Bubble May Not Spell Trouble for Global Investors
Despite a recent government decision allowing investment in markets outside of the mainland, China's indexes still continue to close higher, fueling renewed speculation in some quarters that the markets are inflated and ready to pop. But Alec Young, international market strategist at Standard & Poor's, says American investors should not...