In the face of increasingly gloomy economic data, China’s central bank announced on Saturday that it would be lowering bank reserve ratio requirements by 0.5 basis points effective May 18th. The move is aimed at increasing the available credit supply… Read More>>
Government Hikes Rates to Clamp Down on Property Market
The People’s Bank of China announced on December 25th that it would raise interest rates for the second time in ten weeks as part of its ongoing efforts to suppress prices and control inflation.
This move by China’s central bank… Read More>>