Chinese exports in February are expected to have fallen 4.8% from the previous year, according to the median estimate of economists in a Reuters poll. Imports are also expected to have dropped 1.4% following the previous month’s 1.5% decline. China’s overall trade surplus shrank from $39.16 billion in the previous month to $26.38 billion in […]
Category: Brief
Registration for a canola oil shipment from Canadian Agribusiness Richardson International Ltd’s to China was recently revoked, reported Reuters. A form from the Chinese customs administration website, dated March 1, showed a revoked registration for a shipment from Richardson International, the world’s largest canola distributor. The company said they have yet to be given a […]
China will continue to swap local governments’ unofficial liabilities for government bonds in 2019 to give them more financial breathing room as economic growth is anticipated to slow even further, according to Premier Li Keqiang’s annual report to the country’s top legislature on Tuesday, reported Caixin. Weaker economic growth will likely weigh on China’s debt-laden […]
China’s National Development and Reform Commission (NDRC) pledged to increase the flexibility of the reminbi’s exchange rate, igniting market speculation that adjusting announcement could foreshadow changes to the country’s tightly managed currency regime, reported Reuters. The pledge came in a report from the NDRC in the wake of a recent reiteration of China’s intention to […]
The Chinese government has set a mandatory target for the country’s commercial banks to increase lending to small companies by 30%, while state-owned banks will be required to institute increases of over 30%. Beijing’s aim is to provide more opportunities for private firms to stimulate the economy, said the South China Morning Post. Cuts in […]