BEIJING, Aug. 31 (Xinhua) — China\’s financial authorities are working on new policies to support the development of the country\’s private economy, according to a recent meeting by financial regulator
Tag: Credit
Fall of U.S. credit rating reflects \”erosion of governance:\” WSJ
Visitors are seen at Pike Place Market in Seattle, the United States, July 20, 2023. (Xinhua/Wu Xiaoling)
Fitch said on Tuesday that the downgrade reflects an \”erosion of governance\” in the U.S. relat
China\’s central bank favors downward interest rates for individual housing loans
BEIJING, Aug. 1 (Xinhua) — The People\’s Bank of China made clear its stance of favoring downward interest rates and down payment ratio for individual housing loans at a work meeting held Tuesday.
The
Explainer: Why won\’t China become the next Japan?
BEIJING, July 19 (Xinhua) — There has been a lot of hype recently across some Western media outlets over whether China is entering a \”balance sheet recession,\” which — according to some — could dra
Eurozone consumers\’ perception of inflation much higher than reality: study
People walk past a store in Berlin, Germany, on Feb. 1, 2023. (Photo by Stefan Zeitz/Xinhua)
Allianz Trade expects that if the substantial gap persists until the end of next year, the ECB will introdu
China\’s commercial banks see decline in bad loan ratio in Q1
BEIJING, May 21 (Xinhua) — The non-performing loan ratio of China\’s commercial banks fell to 1.62 percent by the end of the first quarter (Q1) of this year, with the quality of these banks\’ credit as
Cost of insuring against U.S. default at decade high as debt-ceiling fears grow: MarketWatch
NEW YORK, April 23 (Xinhua) — The cost of insuring U.S. government debt against default was at a decade high on Thursday, MarketWatch has reported, citing S&P Global Market Intelligence.
The spread o
China has no long-term deflation or inflation basis: central bank
BEIJING, April 20 (Xinhua) — China\’s central bank said Thursday there is no long-term deflation or inflation basis in the country as the aggregate supply and demand is generally balanced, the monetar
China\’s Q1 new yuan loans hit record high of 10.6 trln yuan
BEIJING, April 11 (Xinhua) — China\’s new yuan-denominated loans hit a record high of 10.6 trillion yuan (about 1.54 trillion U.S. dollars) during the first quarter of the year, up 2.27 trillion yuan
China strengthens support for poverty alleviation consolidation
BEIJING, March 21 (Xinhua) — The China Banking and Insurance Regulatory Commission shored up financial support in 2022 to consolidate poverty alleviation efforts and promote its effective coordinatio