China Could Cut Rates After Cash Boosts
Zhou Xiaochuan, governor of the PBOC, said that despite the fact that the country has already added more cash to its economy, additional measures, including a cut in interest rates and/or a change in banks’ reserve requirement ratio, could also be deployed.
Slowing Economy to Hit China Jobs; South Korean Banks Investigated for Rate-Rigging
The global economic slowdown is taking its toll in Asia, which has also proved it is not immune to financial scandal.
Food Drives China Consumer Prices Higher
According to China’s National Bureau of Statistics, consumer prices were up 3.6% from a year ago.
China Cuts 2012 Growth Target
Chinese Premier Wen Jiabao has set the country's growth target for 2012 at an eight-year low of 7.5% as he seeks to boost consumer demand within the nation and reduce reliance on external markets.
China in Talks With Italy as Lender
As Greece nears default and Italy struggles to keep from losing control over its own debt problems, the latter has been engaged in talks with China over the possibility of asset sales to the Asian nation.
China Struggling to Curb Inflation: Wen
China's goal of keeping inflation under 4% may be tough to reach even as it expects its economy to continue to grow, Premier Wen Jiabao said Monday.
China Warns EU to Back Off on Currency Revaluation
The summit in Brussels saw some verbal tussling on Wednesday as China Premier Wen Jiabao warned the EU to stop pressuring for a revaluation of the yuan.
China’s Premier Weighs In on Euro, Greece
In the wake of a trade bill passed by the House on Wednesday aimed primarily at China, that nation on Saturday announced that it would buy more Greek debt and on Sunday spoke out in favor of a stable euro.
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...