Tag Archives: China

The People’s Bank of China (PBOC) injected CNY600 billion via one-year medium-term lending (MLF) facility on Tuesday. The Chinese central bank issued the one-year MLF at 2.95%, unchanged from the previous operation. The PBOC kept the rates unchanged for the fifth month in a row. There is CNY170 billion reverse …

China’s foreign ministry said on Friday that it has adopted reciprocal restrictions on staff from the US embassy and consulates in the mainland and Hong Kong. “China’s actions are just, a necessary response to the US wrongdoings,” the ministry added. China urges the US to withdraw restrictions on China’s embassy …

The Chinese government said it would support consumption to contribute to the recovery of the economy, adding, “Consumption has been relatively hit by the need this year and has become the weak link in the economic recovery.” Official data showed that retail sales in China fell 1.1% in July, compared …

China’s CPI fell 2.4% in August on an annualized basis, in line with expectations. In addition, the producer price index registered a 2% decline, in line with expectations for the same period. It is reported that this decline came at the slowest annual pace since last March, indicating that the …

Data from the General Administration of Customs in China showed that Chinese exports denominated in dollars exceeded expectations, rising by 9.5% for August compared to last year. Meanwhile, China’s dollar-denominated imports in August were down 2.1% from a year ago. Economists polled by Reuters had expected exports to rise by …

Chinese Foreign Ministry spokeswoman Hua Chunying said in a daily press briefing that Beijing will respond “by lawful means” to the new restrictions imposed by the United States on Chinese diplomats. Washington said it would require senior Chinese diplomats to obtain approval from the Foreign Ministry before visiting any university …

The Trump administration’s threat of escalation against China came this time in disguise with seemingly positive news. The office of the US Trade Representative announced the extension of the deadlines for some exemptions from customs duties on a large group of Chinese goods. But this extension is until the end …

Chinese manufacturing activity growth slowed this month, dropping to 51 points from 51.1 in July, as floods in southwest China disrupted production. With the recorded slowdown, however, Chinese manufacturing activity remained above 50 points, which is the separating point between expansion and contraction, which indicates that the Chinese economy continues …

White House economic adviser Larry Kudlow said Trump administration officials are convinced that China is implementing a “phase 1” trade agreement with the United States, following a high-level phone call to review progress. He added that US Trade Representative Robert Lighthizer is “satisfied” that China has so far implemented the …

Chinese industrial profits rose at the fastest pace in two years, as the sector’s monthly profits rose 8.1% in July. The annual profits of Chinese industrial companies grew by 19.6% to exceed $ 85 billion. This data is an additional indication of the recovery of the second-largest economy in the …