Sheng Songcheng and Shen Xinfeng via Caixin | Speculation has flared up that the People’s Bank of China (PBOC) is considering buying stocks. But there are no valid reasons for the central bank to buy shares directly or through exchange-traded funds (ETFs) that track indexes or baskets of stocks.
china central bank
By Leng Cheng, Gabriel Crossley, Wu Hongyuran and Peng Qinqin via Caixin | Yi Gang, deputy governor of the People’s Bank of China (PBOC), has been named the new head of the central bank, succeeding Zhou Xiaochuan, who has retired after more than 15 years in the post — the longest in the PBOC’s history.
Some experts explain what to expect from CNY in the months ahead.
May 13, 2015 | By Miriam L. Campanella and Alicia Garcia-Herrero via Caixin | The global financial crisis gave China the opportunity to push use of its currency abroad, but the need to address debt issues puts the central bank in an interesting position.
BEIJING | By Xiu Gao via Caixin | The annual Central Economic Work Conference report sketches a framework for looser monetary policies and adjustments to slower economic growth in China.
MADRID | By Ana Fuentes | Trying to compete with emerging markets is not enough: Those EU countries trying to re-launch their industrial sectors in order to boost economic recovery need to go through technological changes, Yao Yang explains to The Corner. Dean of the China National School of Development and Director of the China Center for Economic Research, he believes that austerity in Europe has not been in vain. On the same day, business-research group Conference Board reported that Chinese growth will dip to 5.5% in 2015-19, Prof. Yang points out that such a decline would not mean any catastrophe.