News with the tag "China economy"

In a move that echoes calm across global financial markets, the People’s Bank of China (PBOC) has decided to maintain its loan prime rate (LPR) unchanged for the fifth consecutive month. For those watching the pulse of the crypto world, especially considering the intricate dance between traditional ...

In a move that echoes stability in the world’s second-largest economy, the People’s Bank of China (PBOC) has decided to maintain its Loan Prime Rate (LPR) unchanged. For those keenly watching the pulse of global finance, especially within the volatile cryptocurrency market, this decision carries sig...

In a potentially powerful move that has global markets buzzing, China’s President Xi Jinping has signaled a significant shift in Beijing’s economic strategy. The focus? Injecting fresh vigor into the nation’s long-underestimated private sector. For cryptocurrency enthusiasts and forex traders closel...

In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased s...

China’s economic recovery continues to face obstacles as consumer inflation creeps higher while factory prices drop. This imbalance is worsening tensions within the global second-largest economy, with Beijing juggling weak domestic demand and mounting global trade pressures. Persistent Inflation Ami...

If you’re wondering whether Xi Jinping is on a mission to mimic America’s economic headaches, you’re not alone. The Chinese President has thrown a curveball into the global finance with a strategy that smells oddly familiar to what’s been cooking in the U.S. treasury and the Federal Reserve’s kitche...

The economic engine of China, once roaring, seems to be sputtering these days. The International Monetary Fund (IMF) chief, Kristalina Georgieva, threw down the gauntlet, presenting China with a stark choice at a recent international business meet in Beijing. It’s high time, she argued, for China to...

The potential for a significant financial event similar to the ‘Lehman moment’ in China is becoming more pronounced, driven by the escalating shadow banking crisis within the nation. Chris Wood, a global strategist at Jefferies, has raised concerns about the increasing risk of a significant financia...

China’s central bank reduced a significant interest rate to stimulate an economy grappling with a worsening decline in the real estate market and sluggish consumer spending. Recent data revealed that housing prices in China experienced a consecutive monthly decrease in July. Additionally, industrial...

Bitcoin closed below $29,000 for the first time in 56 days on August 16. As the likely cause, analysts immediately pointed to this week’s FOMC minutes, which expressed concerns about inflation and the need to raise interest rates. Despite the immediate causes of the decline, Friday’s expiration of B...