China has announced plans to establish a free trade zone on the tropical island province of Hainan by 2020 and will encourage multinational businesses to set up their headquarters there, Reuters reports. The announcement, published jointly by the Communist Party and State Council, comes days after President Xi Jinping’s speech at the Boao Forum, a high-profile economic […]
Author: Timothy Ang
The People’s Bank of China has relaxed the upper limit to interest rates for some commercial bank deposits, sources told Reuters during the weekend, but will not follow through on suggestions made previously that it will lift the cap on all deposit types. Instead, commercial banks will have greater freedom to adjust their certificate of […]
Estimates made by economists at Bloomberg forecast a stronger-than-expected first quarter for the Chinese economy, ahead of an official data release on Tuesday morning. The survey finds quarterly growth sticking to 6.8% compared to the 6.5% target, equal to that seen in the final quarter of 2017 and just under the 6.9% taken for the […]
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