Money supply to China was much higher than expected in April as the central bank provided more liquidity to further support the slowing economy. The M2 index rose 10.5% in April compared to the previous year, exceeding the increase by 9.7% in March, and market estimates by 9.9%. Chinese banks expand new yuan loans in […]
Tag: yuan
China: Releases an additional $ 83.2 billion into the market
China’s central bank has said it will reduce the amount of cash banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($ 83.25 billion) in long-term liquidity to boost economic growth. which is slowing down. China’s central bank says on its website that it will reduce its required […]
China: Yuan lending by banks up 9.7% in March
New yuan loans issued by Chinese banks were much higher than expected in March, boosting a rapidly weakening economy. Chinese banks provided new loans (in yuan) amounting to 3.13 trillion. Yuan ($ 491.4 billion), significantly higher than 1.23 trillion. February yuan and higher than 2.6 trillion. Yuan that economists expected. Beijing has urged state-owned banks […]
China: External Debt Increases by $ 16.7 Billion – At $ 2.7 Trillion in total
China’s external debt increased by $ 16.7 billion in the third quarter of 2021, partly due to increased bond purchases in yuan by foreign investors, according to Bloomberg. About 47% of China’s outstanding debt of 2.7 trillion. At the end of September, medium-term and long-term liabilities rose by three percentage points from the end of […]
Global Market Rally Halts A Day After Upbeat Vaccine News
After upbeat vaccine news from Moderna about a potential Covid-19 vaccine, global markets rallied Monday. However, they went flat Tuesday as investors considered the uncontrollable short-term spread of the virus.
The Stock Exchange turns its gaze to China, which eases its exchange rate policy
The Paris Bourse is expected to continue the momentum of the past two weeks, the prospect of a sustained recovery in the Chinese economy relegating doubts about a quick agreement in the US Congress on a fiscal stimulus package to the background. The MSCI Asia-Pacific ex- Japan index hovered at a two-and-a-half-year high this morning, driven by the 2.5% […]