A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said. While a … Continue reading China may keep RMB stable if Fed cuts rates
Tag: central
Central-local fiscal ties in the spotlight
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] China is expected to make more efforts to optimize the fiscal relationship between the central and local governments, thereby strengthening fiscal sustainability while ensuring macroeconomic adjustment capability, to further unleash development potential of the Chinese economy, … Continue reading Central-local fiscal ties in the spotlight
Economist: (fiscal and) tax reforms should focus on pension and health care
In a recent interview with China Perspectives, Yao Yang, director of the China Center for Economic Research at Peking University, stated that the central-local relationship is particularly important for (fiscal and) tax reform. —”The central government probably has to take more expenditure responsibility, particularly in pension and health care,” he said.
Reform seen aiding stock market’s long-term development, stability
A view of the headquarters of the China Securities Regulatory Commission in Beijing.[Photo/China Daily] The long-term trend of the A-share market’s sound development remains unchanged as the central regulators deepen capital market reform to ensure market stability and fair trading, said experts. In a meeting on Monday, the China Securities Regulatory Commission, the country’s top … Continue reading Reform seen aiding stock market’s long-term development, stability
Mitsubishi to join Honda-Nissan alliance
A Mitsubishi Motors sign is pictured next to a Mitsubishi Motors electric car at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. [Photo/Agencies] Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, according to the Nikkei newspaper. The move will create a tie-up between automakers with combined … Continue reading Mitsubishi to join Honda-Nissan alliance
Big-ticket SOE buying boon for foreign firms
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] Big-ticket investments in new equipment by China’s centrally administered State-owned enterprises will create fresh growth points for both domestic private firms and foreign companies alike, said experts and business leaders, stressing that all participants share entwined interests and great economic … Continue reading Big-ticket SOE buying boon for foreign firms
Fiscal, tax system reforms key to development
CAI MENG/CHINA DAILY The Central Economic Work Conference held in December proposed to arrange a new round of fiscal and tax system reform measures. The proposed fiscal and tax system reforms should be in line with the current stage of China’s economic and social development. In 1994, the tax-sharing system was initiated, marking the beginning … Continue reading Fiscal, tax system reforms key to development
Two new tools to guide interest rates
A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE The People’s Bank of China, the country’s central bank, has launched a pair of new tools to better guide market interest rates and ensure bond market stability, reinforcing its efforts to build a modern monetary policy system, experts said. The PBOC … Continue reading Two new tools to guide interest rates
T-bond move seen safeguarding financial stability
This undated file photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] The People’s Bank of China, the country’s central bank, may soon sell borrowed long-term Chinese government bonds, a move that would help safeguard financial stability and add a new tool of liquidity management, market experts … Continue reading T-bond move seen safeguarding financial stability
Saudis join intl digital currency project
This undated file photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] Saudi Arabia has joined Project mBridge — a cross-border platform for experimenting with central bank digital currencies for international trade — as a full participant, which experts said will add resilience to global trade by … Continue reading Saudis join intl digital currency project