China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports.
Category: People’s Bank of China
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China Has Another Lever to Pull in Showdown With Trump: Factory Lines
In Washington, China hawks say its economy is too weak to withstand a tariff shock. In the city of Yiwu, factories are showing why, for now, that may be a miscalculation.
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China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank acted shortly after news that officials from China and the Trump administration will hold their first formal trade talks since the punishing tariffs began.
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China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
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After Trump’s Tariff Threat, Is a China Currency War Next?
While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.
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China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
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China Stocks Surge After Government Measures to Boost Economy
The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but economists say more stimulus is needed.
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China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.
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China Unexpectedly Cuts Interest Rate as World Markets Sag
The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down.
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China Is Holding a Major Meeting on the Economy That You Can’t Watch
President Xi Jinping will preside over a conclave to draft a new economic program. The stakes are high, but expectations for big changes are modest.
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China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up their efforts to stem a continued and steady decline in real estate values.