China Bolsters Economic Measures Amid Growing Challenges
China strengthens fiscal and monetary policies amid economic challenges to stabilize growth and achieve annual socio-economic goals.
News & Insights Across Asia
China strengthens fiscal and monetary policies amid economic challenges to stabilize growth and achieve annual socio-economic goals.
The People’s Bank of China has cut the reserve requirement ratio by 0.5 percentage points and lowered reverse repo rates, aiming to boost economic growth and support high-quality development.
Experts praise China’s recent stimulus measures, highlighting the government’s determination to bolster economic growth and stabilize the property market.
PBOC Governor Pan Gongsheng emphasizes the need for balanced monetary policy adjustments to promote moderate price recovery and maintain the renminbi exchange rate within an appropriate range.
China’s central bank has introduced significant monetary policy adjustments to boost economic growth and stabilize the housing market, including interest rate cuts and reduced down payments for second homes.
China’s major lending rates remained unchanged in August as the PBOC maintains a steady monetary policy amid signs of economic slowdown and global shifts.
At the 2024 Bund Summit in Shanghai, former central bank officials from the U.S., Japan, and Europe shared insights on monetary policies amid uncertain economic outlooks.
The Bund Summit in Shanghai spotlights global monetary policy, the future of the Chinese economy, AI’s impact, and global governance, bringing together leaders to discuss strategies shaping the financial landscape.
China keeps its Loan Prime Rates steady in August, with the one-year rate at 3.35% and over-five-year rate at 3.85%, signaling confidence in economic stability and maintaining mortgage costs for homebuyers.
China will accelerate improvements to its central bank system and promote high-quality financial development, according to PBOC Governor Pan Gongsheng in an exclusive interview.
China’s yuan-denominated loans surged by 13.53 trillion yuan in the first seven months of the year, signaling significant economic activity and monetary policy shifts amid global financial uncertainties.
Analysts predict the Federal Reserve will begin cutting interest rates in September 2024, potentially implementing up to three reductions by year’s end to normalize monetary policy.
China’s yuan-denominated loans rose by 13.27 trillion yuan in H1 2024, signaling strong economic momentum. M2 money supply grew 6.2%, while manufacturing investment booms support credit growth.
At the 15th Lujiazui Forum in Shanghai, leaders from China’s top financial regulators, including PBOC Governor Pan Gongsheng, outlined supportive monetary policies to promote high-quality economic development.
China’s banks extended 11.14 trillion yuan ($1.54 trillion) in new loans from January to May 2024, reflecting efforts to stimulate economic growth. The People’s Bank of China reports significant rises in money supply indicators.
Asian nations are building policy resilience to address fast-paced technological advances, climate change, and geopolitical tensions, focusing on improving monetary and climate policies for sustainable solutions.
The Bank of Japan’s unexpected reduction in long-term bond purchases has raised concerns over the yen’s depreciation and its impact on the global economy.
The Bank of Japan’s unexpected reduction in long-term bond purchases has drawn global attention to the yen-dollar exchange rate. Experts discuss the impact on the yen and the world economy.
The People's Bank of China reports a balanced and effective monetary policy execution in Q1, fostering economic recovery with measures ensuring sufficient liquidity and reduced financing costs.
The Bank of Japan’s decision to maintain near-zero interest rates has led to the yen plunging to multi-decade lows against the U.S. dollar, raising concerns over the currency’s continued depreciation.