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(Bloomberg) -- China's central bank cut interest rates and injected $14 billion into the financial system, bolstering measures aimed at countering the economic fallout from the coronavirus pandemic. The MLF announcement follows the central bank's surprise announcement earlier this month that it will cut the interest rate it pays on banks' excess reserves and reduce the amount of cash that selected lenders need to hold. [Extracted from the article]

(Bloomberg) -- China is preparing to inject more cash into the financial system, as the slowing economy faces further pressure in the form of slumping global demand from the coronavirus pandemic. "It is pretty clear now that only with a relatively massive stimulus plan could China achieve its previous growth targets to double the size of the economy from 2010", said Nie Wen, an economist at Huabao Trust Co. in Shanghai. [Extracted from the article]

(Bloomberg) -- China is preparing to inject more cash into the financial system, as the slowing economy faces further pressure in the form of slumping global demand from the coronavirus pandemic. "It is pretty clear now that only with a relatively massive stimulus plan could China achieve its previous growth targets to double the size of the economy from 2010", said Nie Wen, an economist at Huabao Trust Co. in Shanghai. [Extracted from the article]

(Bloomberg) -- The biggest shock to the world economy since the financial crisis is stoking expectations that China will ramp up stimulus with interest rate cuts, cash injections and more support for struggling companies. The PBOC will likely continue to trim the interest rate of one-year medium-term loans in March, lowering it by another 10 basis points, according to 28 analysts and traders in a Bloomberg survey conducted Wednesday. The PBOC has also kept liquidity plentiful and lowered interest rates of its medium-term loans to lift market sentiment. [Extracted from the article]

(Bloomberg) -- The biggest shock to the world economy since the financial crisis is stoking expectations that China will ramp up stimulus with interest rate cuts, cash injections and more support for struggling companies. Yet the Federal Reserve's emergency rate cut gives the People's Bank of China a window to loosen without triggering capital outflows or a weakened yuan. [Extracted from the article]

(Bloomberg) -- China's banks lowered the benchmark borrowing costs for new corporate and household loans after Beijing slashed a range of policy rates this month to blunt the economic impact of a deadly virus outbreak. The steady decline in the LPR since August last year has led to lower borrowing costs in the wider economy, with the weighted average rate for ordinary loans falling to 5.74% in December from 5.96% in September. [Extracted from the article]

PBOC adviser Ma Jun indicated he expects further rate cuts later in the month. In an interview with the PBOC's Financial News newspaper, central bank adviser Ma Jun said he expects the PBOC to push the interest rate for new loans lower and to also cut the rate for medium-term funding in February if it uses that facility mid-month, as it usually does. [Extracted from the article]

PBOC adviser Ma Jun indicated he expects further rate cuts later in the month. In an interview with the PBOC's Financial News newspaper, central bank adviser Ma Jun said he expects the PBOC to push the interest rate for new loans lower and to also cut the rate for medium-term funding in February if it uses that facility mid-month, as it usually does. [Extracted from the article]

(Bloomberg) -- China's central bank took its first concrete steps to cushion the economy and plunging markets from the blow of a spreading new virus, providing short-term funding to banks and cutting the interest rate it charges for the money. In an interview with the PBOC's newspaper Financial News, central bank adviser Ma Jun said he expects the PBOC to push the interest rate for new loans lower and to also cut the rate for medium-term funding in February if it uses that facility mid-month, as it usually does. [Extracted from the article]

"To defend free trade is the only way to revitalize the economy", Li said on Tuesday at a China-Japan-South Korea summit in Chengdu. The private sector, which accounts for 9 out of every 10 new jobs created in China, has been hardest hit thanks to what critics say is a regulatory regime that tilts business conditions in favor of state-owned companies. [Extracted from the article]

(Bloomberg) -- The Chinese government is trying to set the economy up for a stronger start to 2020, with a multi-pronged policy push ranging from easier monetary settings to freer trade. The private sector, which accounts for 9 out of every 10 new jobs created in China, has been hardest hit thanks to what critics say is a regulatory regime that tilts business conditions in favor of state-owned companies. [Extracted from the article]

The article discusses the appointment of Yi Gang as head of the People's Bank of China and fiscal policy in China under the leadership of President Xi Jinping. Emphasis is given to topics such as the investment of the Bank in U.S. Treasury bonds, the merging of banking and insurance regulatory agencies, and representing Chinese policy to foreign governments.

Taken together, the rate reductions plus liquidity injections should mean banks report a lower overall cost of borrowing for the economy later this week when the loan prime rate is released. The weighted average interest rate of regular bank loans edged up to 5.96% in September, slightly higher than 5.94% in June, according to the PBOC report released at the weekend. [Extracted from the article]

The People's Bank of China cut the interest rate on its seven-day reverse repurchase agreements to 2.5% from 2.55% on Monday. Taken together, the rate reductions plus liquidity injections should mean banks report a lower overall cost of borrowing for the economy later this week when the loan prime rate is released. [Extracted from the article]

(Bloomberg) -- Explore what's moving the global economy in the new season of the Stephanomics podcast. The People's Bank of China cut the interest rate on its seven-day reverse repurchase agreements to 2.5% from 2.55% on Monday. [Extracted from the article]

(Bloomberg) -- Finance ministers and central bankers from around the globe gave momentum to the idea of fiscal stimulus as the way to revive a sagging world economy. In Bloomberg Television interviews, German Finance Minister Olaf Scholz argued his government is already investing heavily, while Australian Treasurer Josh Frydenberg said his push for a budget surplus and sustaining a record expansion aren't mutually exclusive. "The coordination of fiscal and monetary policy is fine but MMT takes it way too far", said Bill Dudley, the former New York Fed president now at Princeton University. [Extracted from the article]

(Bloomberg) -- Stablecoin regulations must be in place to address risks before any of the digital currencies are issued, according to the Group of 20 nations. "We must consider appropriate regulations", Bank of Japan Governor Haruhiko Kuroda said at a briefing, adding that the global circulation of major stablecoins "could affect the stability of monetary policy and financial system". [Extracted from the article]

(Bloomberg) -- Amid a chorus of calls for governments to stimulate their economies through increased spending, Australia and Germany are standing apart from the crowd. Australian Treasurer Josh Frydenberg told Bloomberg Television Friday that his government's push for a budget surplus and delivering a growing economy aren't mutually exclusive. Officials from the International Monetary Fund's Asia department delivered a stern warning on climate-change risks: governments need to urgently act. [Extracted from the article]

(Bloomberg) -- The Bank of Japan's monetary policy aims to boost inflation and differs from Modern Monetary Theory, according to a senior official at the International Monetary Fund. The nation's finance ministry has also been trying to implement gradual fiscal consolidation, and a sales tax increase on Oct. 1 was a right step toward that goal, according to Brekk. [Extracted from the article]

The article informs that the U.S. President Donald Trump has delayed tariff increase on Chinese goods by two weeks. It mentions that the move came at the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary on October 1s. It also informs that the move has impacted escalation of the trade war and upcoming trade negotiations.

he article informs that the U.S. President Donald Trump has delayed tariff increase on Chinese goods by two weeks. It mentions that the move came at the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary on October 1s. It also informs that the move has impacted escalation of the trade war and upcoming trade negotiations.

(Bloomberg) -- The People's Bank of China unveiled a major reform to its system of benchmark interest rates on Tuesday, a move that's immediately focused attention on if and when the real monetary easing will begin. The interest rate reform itself means the PBOC is less likely to use its old benchmark lending rate to cut costs broadly across the economy, as policy makers have said that instrument will ultimately be scrapped. Liu said the central bank will likely keep monetary policy stable in the third quarter, and it's likely to lower the rate for mid-term lending toward the end of the year by 5-10 basis points. [Extracted from the article]

The article offers information on decline in the value of yuan, Chinese currency, amid pressures from the trade war with the U.S. and slowing economic growth. It mentions decline in the value of yuan allows the People's Bank of China (PBOC) to ease policy as needed domestically; and also mentions decline in export and import growth in China after the U.S. President Donald Trump announced the addition of ten percent tariffs to the remainder of Chinese imports to the U.S.

The article informs on decline in China's currency Yuan impacted by its trade tensions with the U.S. Topics discussed include interest rate set by the People's Bank of China; tariffs imposed by the U.S. President Donald Trump, thereby impacting country's imports; and the impact of decline in the value of Yuan on country's economy.

The article discusses China's economic conditions in the second half of 2019, which showed a slight improvement in the conditions for factories. Topics include a rise in the manufacturing purchasing managers' index in July 2019; optimism in the Chinese economy despite uncertainty over trade talks and weak global demand; and plans to address trade tensions and offer incremental additions to stimulus policies, in the Communist Party's politburo meeting.

The article discusses China's economic conditions in the second half of 2019, which showed a slight improvement in the conditions for factories. Topics include a rise in the manufacturing purchasing managers' index in July 2019; optimism in the Chinese economy despite uncertainty over trade talks and weak global demand; and plans to address trade tensions and offer incremental additions to stimulus policies, in the Communist Party's politburo meeting.

The article discusses China's economic conditions in the second half of 2019, which showed a slight improvement in the conditions for factories. Topics include a rise in the manufacturing purchasing managers' index in July 2019; optimism in the Chinese economy despite uncertainty over trade talks and domestic demand; and plans to address trade tensions and offer incremental additions to stimulus policies, in the Communist Party’s politburo meeting.

The article reports on the statement by People's Bank of China Governor Yi Gang that the result of the Group of Twenty meeting in June 2019 was a little bit better than expected but difficulties remain ahead in solving trade tensions with the U.S. Topics discussed include reason that Yi will remain cautious in the future, the central bank's interest rates level according to Yi, and implication of the gauges of activity in China's manufacturing sector in June on the country's economy.

The article reports on the statement by People's Bank of China Governor Yi Gang that the result of the Group of Twenty meeting in June 2019 was a little bit better than expected but difficulties remain ahead in solving trade tensions with the U.S. Topics discussed include reason that Yi will remain cautious in the future, the central bank's interest rates level according to Yi, and implication of the gauges of activity in China's manufacturing sector in June on the country's economy.

The article focuses on a speech by People's Bank of China Governor Yi Gang on July 1, 2019 wherein the stated that the economic growth rate of China is close to its potential. Topics discussed include the status of Chinese economy based on gauges of activity in the country's manufacturing sector in June 2019, his expectation on the current account surplus of gross domestic product (GDP) in 2019, and his statement about the monetary policy.

President Donald Trump said it would be wise for China to "act now" to finish a trade deal with the U.S., warning that "far worse" terms would be on offer for them after what he predicted would be his certain re-election in 2020. "I think that China felt they were beaten so badly in the recent negotiation that they may as well wait around for the next election", Trump said Saturday in a pair of early-evening tweets. [Extracted from the article]

"President Trump and other U.S. officials spent much of the last year saying that China's slowdown was making Beijing desperate for a deal", said Michael Hirson, Practice Head, China and Northeast Asia at Eurasia Group and a former U.S. Treasury Department official. White House economic adviser Larry Kudlow, who in January described China's economy as "very weak", on Tuesday said the negotiations are making "very good progress". [Extracted from the article]

By playing down the chances of a currency commitment solely by China, Yi aligned with Vice Commerce Minister Wang Shouwen, who on Saturday said that any enforcement mechanism for a prospective trade deal must be "two way, fair and equal." Trump has previously accused China of gaming its currency to gain a competitive advantage, though his Treasury Department has repeatedly declined to name Beijing a manipulator in its semi-annual reports on foreign-exchange markets. [Extracted from the article]

The blueprint for the Greater Bay Area linking China's southern coastal cities with Hong Kong and Macau, a signature policy of President Xi Jinping first articulated in 2017, boosted stocks after it was published late Monday. Still, China's major tech companies based in Shenzhen, which borders Hong Kong, haven't made the Greater Bay Area central to their future growth plans. [Extracted from the article]

PBOC Rate Cut Bets Have China Analysts Asking "Which Rate?" The central bank has been gently guiding interbank borrowing costs down without actually cutting the official rates, largely by replacing funding accessed by banks via more expensive routes, such as the medium-term lending facility, for cheaper shorter-term cash. The loan prime rate, which is now at 4.31 percent, is a weighted average rate that an arm of the PBOC publishes daily based on the costs on loans that major lenders charge to their best clients. [Extracted from the article]

Outflows have remained subdued even as yuan, stocks tumble "Capital controls have played a very big role in limiting outflows during this round of yuan depreciation", said Tommy Xie, an economist at Oversea-Chinese Banking Corp. in Singapore. [Extracted from the article]

Economists downgrading China forecasts for 4Q 2018 and 1Q 2019 China's attempt to break free from the debt-financed stimulus of the past is being stress tested by Donald Trump. [Extracted from the article]

The article discusses overseas agricultural investment by Chinese companies such as the rice cultivation project of Wanbao Grains & Oils Co. in Mozambique. The author reflects on the impact of drought, floods, and subsidies on agricultural development in developing countries. Emphasis is given to the Chinese purchasing of established agricultural brands in developed countries such as Australia.