Tags » People's Bank Of China

China ends limit on the percentage of funds banks can lend out relative to deposits -- Plus further opening up the country's financial system

AFP

China’s commercial banking law has since its enactment in 1975 stipulated  that no more than 75 percent of a bank’s deposits could be offered as loans, the official Xinhua news agency said… 249 more words

Is China on its path to economic reform?

By Alan Wheatley

The Chinese Communist Party has rightly been scorned for its clumsy efforts to order the retreat of the waves of selling that engulfed the Shanghai stock market. 681 more words

News

Some positive news about the Chinese economy

Here’s the story: China likely to drag the world into global recession, Citigroup says. Here’s how it begins:

China is sliding into recession and the leadership will not respond quickly enough with large-scale fiscal policies that could avoid a major slowdown and stimulate demand, Citigroup’s top economist Willem Buiter said.

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Economic Theory And Policy

Source: Markets Live: China leads way - Sydney Morning Herald

View image | gettyimages.com

This is an outstanding snap-shot of what’s happening in the markets from the Sydney Morning Herald. It’s an excellent read. Check it out! 73 more words

People

China Sells U.S. Treasuries to Support Yuan

Bloomberg Business

China has cut its holdings of U.S. Treasuries this month to raise dollars needed to support the yuan in the wake of a shock devaluation two weeks ago, according to people familiar with the matter. 119 more words

News

Everything you've heard about China's stock market crash is wrong

This week’s Chinese stock market implosion has been widely viewed as a reaction to the Chinese government’s devaluing the yuan on Aug. 11—a move many presume was a frenzied bid to lower export prices and strengthen the economy. 1,132 more words

NYSE invokes Rule 48 for third straight day: Dow futures imply higher open

CNBC

U.S. stock index futures pointed to a sharply higher open on Wednesday after a highly-volatile session for China’s Shanghai Composite, with investors left largely unimpressed by the stimulus measures from the People’s Bank of China. 102 more words

News