New name for chairman of the People’s Bank of China
Pan Gongsheng is scheduled to be the new head of the People's Bank of China.
The Chinese government plans to appoint Pang Gongsheng as the...
China’s Caixin manufacturing PMI drops amid weak demand
The Caixin/S&P Global manufacturing sector purchasing managers survey showed that growth in manufacturing activity in China slowed in June.
Manufacturing PMI fell to 50.5 points...
The People’s Bank of China pledges to stabilize the yuan
The People's Bank of China (PBOC) has pledged to step up efforts to stabilize the country's currency after falling to a 15-year low amid...
S&P affirms China’s credit rating
International credit rating agency Standard & Poor's (S&P) affirmed China's long and short-term credit ratings as "A+/A-1", keeping its credit rating outlook as "stable".
In...
Profits of industrial companies in China fell due to shrinking demand
Profits of industrial companies in China fell by 12.6% in May compared to the previous year. The shrinking demand was interpreted as an indicator...
Li: China’s second quarter growth will be higher than first quarter
Chinese Premier Li Qiang said that China's second-quarter economic growth will be higher than that in the first quarter.
Chinese Premier Li Qiang said on...
China’s yuan defense
The People's Bank of China set yuan pegging above expectations to support the currency.
To slow the currency depreciation, the People's Bank of China (PBOC)...
Chinese optimism in commodities
Many commodities, from iron ore to copper, rose with optimism about China, the world's largest commodity importer.
Chinese Premier Li Qiang's statement that China's second-quarter...
S&P Global cuts China growth forecast
S&P Global has lowered its 2023 GDP growth forecast for China, the world's second largest economy, in May data.
S&P Global said it lowered its...
Double-digit growth in phone sales in China
In China, the world's largest smartphone market, phone sales increased by 22.6 percent in May, showing a sharp rise compared to previous months.
China's smartphone...