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China’s monetary policy - Elusive prudence

Economist: CHINESE monetary policy is rarely straightforward. This weekend’s interest cut was no exception. The third loosening move in little more than three months, it should be evident that China is now in all-out easing mode. 173 more words

Economy

China's Central Bank Cuts Rates Again to Boost Economy

People’s Bank of China

The Associated Press

BEIJING — China on Saturday cut interest rates for the second time in three months, adding to signs that Chinese leaders are worried that the economic slowdown is deepening too sharply. 183 more words

Foreign capital exiting China at an accelerated pace

With the Chinese economy slowing down and its population dividend diminishing, foreign capital has been exiting the market at an accelerated pace, leading to concerns over a possible large-scale capital flight which may impact domestic banking capital and forex reserves, according to Duowei News, a media outlet run by… 429 more words

China

Pressure Builds to Weaken the Yuan: Traders already pushing China's currency lower

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A clerk counts yuan bills at a bank branch in Huaibei in central China’s Anhui province last month. 876 more words

Apple Pay's China rollout reportedly stalled

”China’s central bank, UnionPay bank-card service and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple Inc.’s effort to bring the Apple Pay no-card-no-cash payment system to iPhone users in China,” Li Xiaoxiao reports for Caixin Online. 112 more words

News

Wretched trade data reveal China's dangerous balancing act

China-watchers know the country is hitting a rough patch right now. But they evidently didn’t realize just how rough—judging by the astonishment that met the customs agency’s Sunday announcement of January trade data. 418 more words

The latest sign that China's financial system is facing a cash drain

This post has been corrected.

The People’s Bank of China just cut the reserve requirement ratio (RRR) for banks—the percentage of deposits that banks must set aside in case of financial distress. 773 more words