Despite a late November interest rate cut by China’s central bank, the country’s economy continues to be hampered by high lending costs that could bring further action by the bank – including a reduction in reserve ratios – as early… Read More>>
NDRC Study Finds China Wasted $6.8T During Investment Boom
Just days after China’s central bank appeared to move back onto a pro-growth track, a report by the country’s highest-level planning body has found that a previous round of economic stimulus resulted in $6.8 trillion in wasted investment.
The document… Read More>>
PBOC Cuts Interest Rates to Spark Sagging Real Estate Sector
In a surprise move late on Friday, China’s central bank cut interest rates for the first time in more than two years, and the move appears largely aimed at spurring real estate sales.
The People’s Bank of China’s (PBOC) announcement… Read More>>