BEIJING, Oct. 26 (Xinhua) — China\’s central bank conducted 424 billion yuan (about 59.07 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Thursday.
The move aims to
Tag: interest
China\’s central bank adds liquidity via reverse repos
BEIJING, Oct. 20 (Xinhua) — China\’s central bank conducted 828 billion yuan (about 115.33 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday.
The move aims to
Enchanting winter scenery in Sichuan
Beautiful ponds and surrounding mountains are blanketed with snow, resembling a charming wonderland at Huanglong Scenic and Historic Interest Area in Songpan County, southwest China\’s Sichuan Province
U.S. raises interest rates, straining dollar credibility
Cartoon by Ma Hongliang
The U.S. has long leveraged the hegemonic position of the U.S. dollar in the international monetary system to export its domestic financial crises while reaping world wealth, w
China\’s central bank vows stronger support for real economy
BEIJING, Sept. 27 (Xinhua) — China\’s central bank has pledged to strengthen macro-economic regulation to boost domestic demand and provide stronger support for the real economy as the country\’s econo
China\’s central bank adds liquidity via reverse repos
BEIJING, Sept. 18 (Xinhua) — China\’s central bank conducted 184 billion yuan (about 25.65 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday.
It also conducted
ECB raises interest rates to all-time high
European Central Bank (ECB) President Christine Lagarde attends a press conference in Frankfurt, Germany, Sept. 14, 2023. The ECB on Thursday lifted key interest rates by another 0.25 percentage point
BRI helps Africa become frontier of development; ‘debt trap’ rhetoric is more of political narrative, propaganda of West: African scholar
Dennis Munene Mwaniki, Executive Director of the Africa Policy Institute, has an interview with the Global Times. Photo: Yin Hao/GT
Some Western economists used to say Africa is a hopeless continent,
Chinese youths make friends, extra money at car trunk fair
XI\’AN, Aug. 30 (Xinhua) — At 5:30 p.m., when the sun was yet to set, Li Jiarong opened her car trunk and began to decorate her stall. Next to her car, there was a small wooden table with Thai-style b
BRICS acts for collective good of Global South
The BRICS platform, which began life as a dialogue mechanism for Brazil, Russia, India, China and South Africa, has evolved into a key platform for cooperation among the world\’s developing countries a