Articles for Banks China

China’s economy is in for another rough year
6 days, 22 hours ago

China’s economy is in for another rough year

Live Mint  

EACH DECEMBER China’s rulers gather for their Central Economic Work Conference, where they review the past 12 months and preview the tasks they face in the year ahead. Back-of-the-envelope calculations by Citigroup, a bank, suggest tariffs that high could cut 2.4 percentage points from China’s growth rate, if the government did nothing to cushion the blow. When the economy faltered …

China Demand Local Governments Retail Sales
China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program
4 months, 4 weeks ago

China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program

Associated Press  

BANGKOK — China ratcheted up its effort to reinvigorate its slowing economy Thursday by unexpectedly cutting a key policy rate and also doubling subsidies for electric vehicles bought to replace older cars. The People’s Bank of China said it cut its lending rate for one-year medium term policy loans by 20 basis points to 2.3%. Major state-run banks cut deposit …

Economy China Bank Rates Rate Cuts Deposit Rates Doubles Subsidies
Multiplier effect
5 months, 2 weeks ago

Multiplier effect

China Daily  

MA XUEJING/CHINA DAILY China and African countries have a long-standing relationship based on mutual respect and equality. Multilateral development banks, such as the World Bank, African Development Bank, and others, have long been central to Africa's development. Multilateral banks, China and African countries must work together to identify shared development goals and align their strategies and investments accordingly. To better …

Africa Sustainable Countries African Bri Ethiopia Financing
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 …

Economy China Central Bank Chinese Rate Pan Reserve
Why Chinese sperm banks are appealing to university students to donate
1 year, 10 months ago

Why Chinese sperm banks are appealing to university students to donate

Hindustan Times  

For university students, sperm donation could be a way to earn money and also contribute to countering China’s falling fertility rate. Several sperm donation clinics across China, including in Beijing and Shanghai, have recently appealed to university students to donate sperm. Among the first to appeal to university students for sperm donation was the Yunnan Human Sperm Bank in southwest …

China Bank Donation Sperm Sperm Donation University Students Sperm Banks
Why Chinese bankcard chips may not ease Putin’s economic pain
2 years, 8 months ago

Why Chinese bankcard chips may not ease Putin’s economic pain

Al Jazeera  

Russia has turned to China for microchips it needs to meet surging demand for its domestic bank cards. “Russia benefits from very high literacy rates, as well as smartphone and internet penetration, and Russian banks have invested heavily in app-based banking.” ‘Severed from the global economy’ A lack of chips for bank cards would be unlikely to deal a significant …

China Ukraine Russia Financial Sanctions Economic Western