Central bank vows to keep monetary policy consistent
3 years, 11 months ago

Central bank vows to keep monetary policy consistent

China Daily  

The People's Bank of China. China's central bank is expected to keep its monetary policy consistent and supportive of economic recovery, taking advantage of various tools to sustain adequate liquidity and avoid premature tightening, experts said on Wednesday. The meeting, held by the PBOC's monetary policy committee and chaired by Yi Gang, the central bank governor, also urged further strengthening of financial support for technology innovation, small and micro enterprises and green development. The monetary authorities declared in the fourth quarter's policy meeting that China's shifting of the benchmark lending rate toward the prime loan rate has been completed for outstanding loans with floating interest rates. Experts said prudent monetary policy should be better coordinated with proactive fiscal policy next year to spur economic growth.

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History of this topic

Unconventional monetary steps eyed
2 weeks ago

Unconventional monetary steps eyed

China Daily  

The skyline of Beijing. China may take unconventional monetary steps to finance bolder fiscal expansion next year as a top-level meeting has marked a rare shift in policy stance to navigate intensified uncertainties, policy researchers and economists said on Tuesday. Hu Yifan, head of macroeconomics for Asia-Pacific at UBS Global Wealth Management, said that strengthening fiscal stimulus would be key …

China eases monetary policy stance, vows more fiscal support
2 weeks, 1 day ago

China eases monetary policy stance, vows more fiscal support

Live Mint  

China’s top leaders plan to loosen monetary policy and expand fiscal spending next year, as Beijing braces for a second trade war when Donald Trump takes office next month. The 24-man Politburo led by President Xi Jinping announced it will embrace a “moderately loose” strategy for monetary policy in 2025, marking its first major shift in stance since 2011. The …

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy
2 weeks, 1 day ago

Chinese leaders pledge 'moderately loose' monetary policy, more support for slowing economy

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s top leaders have …

Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy
2 weeks, 1 day ago

Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy

Associated Press  

BANGKOK — China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth. Shares in Hong Kong jumped Monday after state media released a report on the meeting by the ruling Communist Party’s Politburo that said …

China signals more forceful stimulus to come next year
2 weeks, 1 day ago

China signals more forceful stimulus to come next year

Live Mint  

China’s leaders signaled a more forceful policy approach for next year to boost domestic demand, as the world’s second-largest economy braces for escalating trade tensions with the incoming Trump administration. The 24-member Politburo, China’s top decision-making body, pledged Monday in a meeting to implement more proactive fiscal policy and moderately loose monetary policy for next year. Meanwhile, the mention of …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
2 weeks, 2 days ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

China vows to ramp up moves to spur economic growth in 2025
2 weeks, 2 days ago

China vows to ramp up moves to spur economic growth in 2025

CNN  

China will adopt an “appropriately loose” monetary policy next year, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying Monday. “A more proactive fiscal policy and an appropriately loose monetary policy should be implemented, enhancing and refining the policy toolkit, strengthening extraordinary counter-cyclical adjustments,” the readout said. “We think it points to strong …

PBOC pledges more monetary policy support
1 month, 1 week ago

PBOC pledges more monetary policy support

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting …

PBOC pledges more monetary policy support
1 month, 1 week ago

PBOC pledges more monetary policy support

China Daily  

China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting Co, said the central bank may soon coordinate with the 2 trillion yuan in bond …

China to strengthen financial support for economy's high-quality development: report
1 month, 2 weeks ago

China to strengthen financial support for economy's high-quality development: report

China Daily  

BEIJING -- The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation of patient capital, according to a State Council report on financial work. The report, which was recently submitted to the 12th session of the Standing …

China to strengthen financial support for economy's high-quality development: report
1 month, 2 weeks ago

China to strengthen financial support for economy's high-quality development: report

China Daily  

BEIJING -- The Chinese government will continue to improve the quality and efficiency of financial services, encourage financial institutions to optimize loan structure, strengthen financial support for new quality productive forces, and intensify the cultivation of patient capital, according to a State Council report on financial work. The report, which was recently submitted to the 12th session of the Standing …

China's central bank cuts bank reserve rates, pledges other moves to help the economy
3 months ago

China's central bank cuts bank reserve rates, pledges other moves to help the economy

Hindustan Times  

The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector. China's central bank cuts bank reserve rates, pledges other moves to help the economy People’s Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.5 percentage points and …

Experts urge policy steps to help recovery
3 months, 2 weeks ago

Experts urge policy steps to help recovery

China Daily  

A cashier counts RMB notes in a bank in Haian, Jiangsu province. During a news conference on Thursday, Zou Lan, head of the monetary policy department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions — the proportion of deposits they must keep as reserves — is about 7 percent, …

PBOC hints at further cuts in the reserve requirement ratio
3 months, 2 weeks ago

PBOC hints at further cuts in the reserve requirement ratio

China Daily  

The financial district of Pudong New Area. China will intensify counter-cyclical monetary measures at the aggregate level, central bank officials said on Thursday, implying room for further reductions in the reserve requirement ratio. Zou Lan, head of the Monetary Policy Department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions …

Clear-cut policy toolkit to steer Chinese economy ahead
4 months, 3 weeks ago

Clear-cut policy toolkit to steer Chinese economy ahead

China Daily  

The skyline of Beijing. Counter-cyclical adjustments should be strengthened, multiple monetary policy tools should be fully utilized, and financial support for the real economy should be reinforced, according to Tuesday's tone-setting meeting of the Political Bureau of the Communist Party of China Central Committee on priorities for H2. Consumption a priority Policymakers underlined the role of consumption in the meeting, …

Clear-cut policy toolkit to steer Chinese economy ahead
4 months, 3 weeks ago

Clear-cut policy toolkit to steer Chinese economy ahead

China Daily  

The skyline of Beijing. Counter-cyclical adjustments should be strengthened, multiple monetary policy tools should be fully utilized, and financial support for the real economy should be reinforced, according to Tuesday's tone-setting meeting of the Political Bureau of the Communist Party of China Central Committee on priorities for H2. Consumption a priority Policymakers underlined the role of consumption in the meeting, …

China revs up fiscal policy support to spur economic recovery
4 months, 3 weeks ago

China revs up fiscal policy support to spur economic recovery

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. BEIJING - China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth. The country will strengthen its fiscal policy to ensure the economy sustains its recovery momentum, …

More proactive monetary, fiscal policies seen as key
5 months, 1 week ago

More proactive monetary, fiscal policies seen as key

China Daily  

Consumers browse products at a supermarket in Handan, Hebei province, on Wednesday. Zhou Mi, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said the gentle CPI recovery reflects the country's strengthening driving force of domestic consumption growth. Li Peijia, a senior analyst at Bank of China, said China's growing CPI benefits from its large-scale equipment …

China's central bank to enhance implementation of monetary policies
8 months, 3 weeks ago

China's central bank to enhance implementation of monetary policies

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. BEIJING -- China's central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies -- in order to effectively stimulate the economy. The bank will appropriately increase the relending and rediscount quota for small enterprises and the agriculture sector, make good …

Adviser says macro policies' joint effect key
9 months, 1 week ago

Adviser says macro policies' joint effect key

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. China's macroeconomic policy support can achieve greater impact by further coordinating fiscal and monetary policy measures, such as integrating the funding support provided by fiscal subsidies and structural monetary policy instruments, said a central bank official and national political adviser. "Fiscal and monetary policy — as the …

China moves to spur its slowing economy and boost markets by cutting required bank reserves
11 months ago

China moves to spur its slowing economy and boost markets by cutting required bank reserves

Associated Press  

BANGKOK — China’s central bank said Wednesday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing economy. The central bank’s moves appear to be part of a concerted effort to stabilize the markets and instill greater confidence in the outlook for the world’s second-largest economy. Unlike bank reserves …

Timely steps to drive consumption, heal biz stress
1 year, 6 months ago

Timely steps to drive consumption, heal biz stress

China Daily  

Tourists shop at a duty-free shopping mall in Sanya, South China's Hainan province. "While economic figures for May have attracted market attention, we believe that even though temporary fluctuations in certain sectors have emerged, the momentum of China's economic recovery remains strong and solid," she said. Noting the current insufficient market demand and the need for a stronger internal driver …

Intensified policy support to maintain economic stability
3 years ago

Intensified policy support to maintain economic stability

China Daily  

A worker checks the operation of a carbon fiber production line at a factory in Lianyungang, Jiangsu province. Chinese policymakers are expected to intensify policy support for economic stability in response to downward pressures on growth next year, analysts said on Tuesday. The top leadership said the nation will strive to stabilize the fundamentals of its macro economy next year, …

Apply stable, looser monetary policy for rainy day: Expert
3 years, 5 months ago

Apply stable, looser monetary policy for rainy day: Expert

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. As the low cardinal number effect fades away, China's economic growth rate may slow to 5 percent to 6 percent in the second half of this year, said Sheng Songcheng, adjunct professor of economics and finance at China Europe International Business School, adding positive monetary …

Central bank pledges flexible, precise implementation of monetary policy
3 years, 5 months ago

Central bank pledges flexible, precise implementation of monetary policy

China Daily  

China will implement its monetary policy in a flexible and precise way and strike a balance between economic recovery and risk prevention, the central bank has said. In a statement released after a quarterly meeting of its monetary policy committee, the People's Bank of China has pledged efforts to keep the economy running within an appropriate range and ensure that …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

A pedestrian passes screens in Shanghai showing stock market prices. WANG GANG/FOR CHINA DAILY Key guidance The idea of the need to continuously improve macroeconomic adjustment is part of Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era, which took shape in 2017 and has since guided the country's economic governance. President Xi, who is also …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

A pedestrian passes screens in Shanghai showing stock market prices. WANG GANG/FOR CHINA DAILY Key guidance The idea of the need to continuously improve macroeconomic adjustment is part of Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era, which took shape in 2017 and has since guided the country's economic governance. President Xi, who is also …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

A pedestrian passes screens in Shanghai showing stock market prices. WANG GANG/FOR CHINA DAILY Key guidance The idea of the need to continuously improve macroeconomic adjustment is part of Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era, which took shape in 2017 and has since guided the country's economic governance. President Xi, who is also …

PBOC reiterates proactive monetary policy stance
3 years, 7 months ago

PBOC reiterates proactive monetary policy stance

China Daily  

A teller helps a client with his deposit business at a bank branch in Nantong, Jiangsu province. Efforts will also be made to continuously improve the market-oriented interest rate system and the monetary policy transformation mechanism along with other steps like optimizing the deposit rate regulations and further lowering the lending rates, the report said. The central bank has said …

China to stay on 'normal' policy path
4 years ago

China to stay on 'normal' policy path

China Daily  

The People's Bank of China. PBOC report: Interest rates to be kept at low levels to support small firms China will maintain a normal monetary policy for as long as possible and keep interest rates at a relatively low level to support small business financing and maintain ample liquidity in the system, the People's Bank of China, the central bank, …

Prudent monetary policy to be more flexible, targeted
4 years ago

Prudent monetary policy to be more flexible, targeted

China Daily  

China's central bank on Nov 26 pledged to make its prudent monetary policy more targeted and flexible to adapt better to the needs of high-quality development and put more focus on the efficiency of financial services to support the real economy. More efforts will go into improving the money supply regulation mechanism to maintain reasonable and sufficient liquidity, the People's …

Nation shifts to targeted monetary policy
4 years, 4 months ago

Nation shifts to targeted monetary policy

China Daily  

China has suspended its large-scale monetary easing, as the economy is recovering, and shifted to innovative monetary measures to channel funds into weak sectors in a more targeted way, while guarding against financial risks, policy analysts said on Aug 18. The monetary authorities will prefer "structural monetary policy tools", as the central bank calls them, to address financial strains in …

China to resolutely deepen opening-up of financial sector: central bank governor
4 years, 4 months ago

China to resolutely deepen opening-up of financial sector: central bank governor

China Daily  

China will resolutely push forward the opening-up of the country's financial industry regardless of how the international situation changes, the central bank governor told Xinhua in a recent interview. China will continue implementing the phase-one economic and trade agreement with the United States, while measures announced to open up China's financial sector will continue, said Yi Gang, governor of the …

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