Another reserve ratio cut from the People’s Bank leads China’s markets higher
China’s financial markets today reacted to yesterday’s (June 9) good news while ignoring today’s threatening rumbles. The People’s Bank of China announced another 0.5 percentage point cut in reserve requirements for regional and rural banks. The cuts will take effect on June 16 and will add an estimated 70 billion yuan ($11.2 billion) in liquidity to the financial system.
Investors in Shanghai certainly think they heard the stimulus news they’ve been waiting for yesterday
China’s Politburo met yesterday and issued a statement saying that China will expand domestic demand, promote urbanization, and support small business. It’s all a little vague but investors on the Shanghai and Shenzhen markets seem to think they’ve heard what they’ve been waiting for.
The People’s Bank of China makes a $42 billion down payment on stimulus
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What will it take to turn pessimism around on China?
Incremental moves by the People’s Bank and China’s central government haven’t been enough to to convince investors that the growth slump in the Chinese economy is about to end
Bit by bit China continues to roll out a low-key stimulus package
More evidence that this time around China’s stimulus package will be ad hoc and low key—the opposite, in many ways, of the big fanfare $585 billion stimulus package of 2008. That doesn’t mean it won’t be effective, just that that it won’t constitute a second shock and awe attack on the China’s economic slowdown
Without much fanfare China has launched a new wave of stimulus
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...New bank lending in China soars above 1 trillion yuan in March ahead of tonight’s GDP report
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Reading the tea leaves on tomorrow’s GDP number from China
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