Wednesday, April 14, 2021
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Tag: Opening

China Defenceless Against Debt Crisis If Financial Sector Opened: Michael Pettis

A leading expert on the Chinese economy says opening of the finance sector could leave regulators defenceless against a debt-induced crisis. China's central government has...

Central Bank Chief Says Opening of Finance Sector Key to Prevention of Systemic Risk

The head of the People's Bank of China said that reform and opening of the country's financial sector is the key to prevention of...

Caixin Editor Calls for One Belt One Road to Spur China’s Economic Openness

The editor-in-chief of one of China's most influential business media outlets has called for the country to use the One Belt One Road as an...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...