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April 21, 2015
China cuts bank reserve ratio requirement as growth slows
Beijing (AFP) April 19, 2015
China's central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending. The move, effective Monday, comes days after the world's second largest economy reported its worst quarterly growth figure for six years. In a statement on its website, the People's Bank of China (PBoC) said it will give an additional one-percentage-point RRR cut to banks for agricultural services and a further ... read more

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China's Q1 GDP growth slows to 7.0% on-year: govt
China Wednesday reported first-quarter growth at its slowest since the depths of the global financial crisis six years ago, stoking expectations of more action to shore up the world's second-largest economy. ... more
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Japan's ruling camp wins local polls in 'Abenomics' litmus test
Japanese Prime Minister Shinzo Abe's ruling coalition on Sunday won local elections seen as a referendum on his efforts to boost the economy before upper house elections next year, news reports said. ... more
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China March consumer inflation steady at 1.4%: govt
Chinese inflation held steady at 1.4 percent in March, the government said Friday, leaving policymakers further room for monetary stimulus as they try to manage a broad slowdown in the world's second-biggest economy. ... more
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Russia mulls credit autonomy
As low oil prices and Western-backed economic sanctions hammer Russia, the head of the central bank said it was time to embrace domestic rating agencies. ... more
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Former China central bank governor helping graft probe: report
Chinese authorities are investigating the vast wealth amassed by relatives of a former head of the country's central bank, a report said Wednesday. ... more
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China sees first default on bond principal
A Chinese technology firm said Tuesday it cannot meet a 241 million yuan ($39 million) debt repayment, making it the first company to default on corporate bond principal in modern China. ... more
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China official PMI shows expansion in positive sign
China's manufacturing activity expanded in March for the first time since December, the government said Wednesday, a bright spot as the world's second-largest economy fights a broad slowdown in growth. ... more
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China home prices fall in March; Bank deposit insurance starts May 1
Falls in Chinese house prices decelerated in March from the previous month, a survey showed Tuesday, after authorities loosened mortgage and tax policies as growth in the world's second-largest economy slows. ... more
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China seeks to boost property market as economy slows
China's central bank on Monday lowered minimum downpayment levels on second homes nationwide, scrapping a key policy originally aimed at controlling housing prices as it seeks to boost the economy. ... more
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Bank of China net profit up 8% in 2014
Bank of China said Wednesday it saw a year-on-year net profit gain of eight percent in 2014 helped by stable growth in the Chinese economy, despite a slow recovery in global markets. ... more
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IMF head welcomes China-backed bank on Beijing visit
International Monetary Fund head Christine Lagarde said Monday she welcomed Beijing's creation of a new infrastructure bank - an institution that has drawn support from Europe and scepticism from Washington. ... more
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China investigates former free trade zone official
Chinese authorities said Tuesday that a former top official of the country's first free trade zone (FTZ) in Shanghai was under investigation for violating the law, following months of uncertainty about his fate. ... more
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China overseas investment jumps in February on Dutch deal: govt
China's overseas direct investment (ODI) surged in February as a state-owned oil company spent nearly $3 billion on a Dutch acquisition, official data showed Tuesday, while inbound investment slowed. ... more
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China has 'ample' room for stimulus: premier
The Chinese government has more weapons in its arsenal to boost its flagging economy, the world's second-largest, Premier Li Keqiang said Sunday at his once-a-year press conference. ... more
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Japan lower house passes record $793 bn budget
Japan's powerful lower house of parliament on Friday passed a record $793 billion budget, including fresh economy-boosting stimulus and more defence spending as Tokyo eyes an increasingly assertive China. ... more
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China has 'ample' room for stimulus: premier
The Chinese government has more weapons in its arsenal to boost the world's second-largest economy, Premier Li Keqiang said Sunday as he sought to ease concerns about flagging growth. ... more
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China seeking yuan role in IMF reserve currency
China is in talks with the International Monetary Fund for the Washington-based institution to add the yuan to its basket of reserve currencies, a top banking official said Thursday as Beijing seeks a greater global role for the unit. ... more
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EU, Germany raise 'Grexit' alarm over Greece bailout
EU Commission chief Jean-Claude Juncker has warned of an alarming lack of progress in talks on Greece's bailout, as Germany raised the spectre of a tumultuous Greek exit from the euro. ... more
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China data hits multi-year lows, boosting stimulus hopes
Chinese output, retail and investment growth have all fallen to multi-year lows, official data showed Wednesday, the latest anaemic indicators to raise expectations of more government support for the world's second-largest economy. ... more
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China inflation jumps but worries endure
China's consumer inflation rebounded in February from a more-than-five-year low, official data showed Tuesday, but a plunge in factory gate prices added to persistent concerns about deflation in the world's second-largest economy. ... more
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China's 2015 budget deficit rate higher than declared: minister
China's budget deficit this year will be higher than previously declared as the government boosts fiscal spending in a bid to bolster economic growth, the finance minister said Friday. ... more
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China lowers 2015 growth target to 'approximately 7%'
China lowered its 2015 economic growth target to "approximately seven percent" Thursday, scaling down expectations in the face of "formidable" difficulties for the world's second-largest economy after its decades-long boom. ... more
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China lowers 2015 growth target to 'approximately 7%'
China lowered its 2015 economic growth target to "approximately seven percent" Thursday, scaling down expectations in the face of "formidable" difficulties for the world's second-largest economy after its decades-long boom. ... more
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China rate cuts just the start as growth slows: analysts
Factory employment has been falling for more than a year in the workshop of the world as Chinese growth slows, and analysts expect more intervention by the central bank after its second interest rate cut in just three months. ... more
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