Decline in Chinese FX Reserves - No exciting celebration during Chinese New year
Feb 08, 2016 09:14 am UTC| Insights & Views Central Banks
Foreign exchange reserves in China declined $99.5bn to $3.23tn in January of 2016, slightly lower than the monthly fall of $107.9bn in December, which was the biggest on record. The China international reserve number...
Another $100 billion disappears from PBoC coffer
Feb 08, 2016 06:27 am UTC| Commentary Central Banks
Happy Lunar New Year. Happy year of the monkey. All hopeful of a great year for China. However, latest data, FX reserve released on the eve of New Year shows, another tough year lies ahead of Chinese economy. From...
China’s FX reserves data may lay down negative tone for EM in coming week
Feb 05, 2016 09:34 am UTC| Commentary Central Banks
Chinas data of FX reserves might lay down a negative tone for emerging markets in the coming week, particularly if the likelihood of a sharp decline in reserves proves correct. Moreover, the overall activity might be...
China sets growth target of 6.5%-7% for 2016
Feb 05, 2016 08:01 am UTC| Commentary Economy
China has stated that it has set up 2016 growth target range of 6.5%-7% after a 2015 target of around 7% growth. The lower end of 6.5% shows the growths minimum average rate required to meet in the next five years to...
China's new approach to fight outflow: loosening restriction on inflow
Feb 05, 2016 06:57 am UTC| Commentary
Chinas foreign exchange reserve shrank by $513 billion as capital account reversed course and Chinese policymakers have struggled to plug the outflow, part of which is foreign but large chunk of such is domestic money...
Fitch: Polarisation of China Local Governments' Fiscal Strength Intensifies
Feb 04, 2016 09:54 am UTC| Research & Analysis
Chinas local and regional governments (LRGs) recorded an overall 9.4% yoy growth in 2015 operating revenue, but the fiscal performance of individual regions vary greatly indicating rising polarisation of the...
Fitch: Latest Circular Positive for China's Local Government Finance and Muni Bond Markets
Feb 04, 2016 08:46 am UTC| Research & Analysis
Fitch says several new measures under Circular 22 are credit positive for Chinas local government finance and the healthy development of Chinas muni bond market. The circular will also usher in higher transparency of the...
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