China to target around 12% broad money supply growth in 2017

China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year’s goal, policy sources said, signaling a bid to contain debt risks while keeping growth on track. Under its new “prudent and neutral” policy, the People’s Bank of China (PBOC) has adopted a modest tightening bias in a bid to cool torrid credit expansion, though it is treading cautiously to avoid hurting the economy…

China’s economic growth to cool in 2017 as government clamps down on asset bubbles

China’s economic growth is expected to cool in 2017 as its top leaders flag tighter monetary policy and further curbs to clamp down on asset price bubbles, especially in the property market, even as a sharp drop in the yuan has fed fears of markets turmoil. The Chinese Academy of Social Sciences (CASS) on Monday forecast China’s economic growth will slow again next year to 6.5 percent, which would be the slowest pace in more than 25 years, down from expected growth of around 6.7 percent for this year…

PBOC cuts its forecast for exports but says economy will still grow 6.8% this year

China’s central bank slashed its forecast for exports on Wednesday, predicting a second straight annual fall in shipments, but said the economy will still grow 6.8 percent this year. The People’s Bank of China (PBOC) also warned in its mid-year work report that the government’s push to reduce debt levels and overcapacity could increase bond default risks and make it more difficult for companies to raise funds…

China’s economy gains momentum, reduces urgency of more stimulus

China’s leaders sound more confident that the world’s second-largest economy has arrested a slide in growth to quarter-century lows, but their policy advisers caution it is too early to call an end to a cycle of easing that began in 2014. Signs the economy is picking up give the central bank room to keep its policy powder dry for now so it has the ammunition later to cope with any possible shocks from domestic economic restructuring and expected U.S. rate rises, the policy insiders said…

China seeks to reassure trading partners ahead of G20 by ruling out devaluation of yuan

Chinese policymakers on Thursday ruled out an imminent devaluation of the yuan as they seek to reassure trading partners ahead of the G20 summit that they can manage market stability while driving structural reforms. Comments from senior economic policy officials and industry leaders come as finance ministers and central bankers from G20 nations prepare to meet in Shanghai on Friday and Saturday…

China’s shares tumble again but state media says ‘real economy’ sound

China’s volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai Composite Index ended down 2.9 percent, and the CSI300 index of the largest listed companies in Shanghai and Shenzhen shed 2.6 percent, both indexes having tumbled this week to levels not seen since 2014…

China’s central bank warns of furher yuan’s volatility, no intention of ‘currency war’

China’s central bank has warned of further volatility in the yuan but reiterated that Beijing had no intention of sparking a “currency war” following a series of shock devaluations last week. The chief economist at the People’s Bank of China, Ma Jun, said the Chinese government had “no intention or need to participate in a currency war”…

Top 10 Weekly Forex Market Headlines – 04.24.2015

1. Kuroda says BOJ is making progress on raising Japanese inflation April 20, The Bank of Japan ’s leader said his institution is making real progress in its efforts to raise Japanese inflation back toward desired levels. Gov. Haruhiko Kuroda, in a speech here Sunday, said based on recent data, “there is no doubt that […]

China cuts bank reserve requirement to spur bank lending, combat slowdown

(Reuters) – China’s central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world’s second-biggest economy to help spur bank lending and combat slowing growth. The People’s Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent…

Top 10 Weekly Forex Market Headlines – 2.6.2015

1. U.S. consumer spending slips 0.3% in December, largest drop since 2009 February 6, U.S. consumer spending recorded its biggest decline since late 2009 in December with households saving the extra cash from cheaper gasoline. Other data on Monday showed factory activity cooled in January, suggesting the economy may have entered the new year on […]

China set to cut rates again, ease lending amid deflation fears

(Reuters) – China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday’s surprise cut in rates, the first in more than two years, reflects a change […]

Daily Forex Market Review 10/13/14 (+50 pips)

Today’s Trade Result: +50 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

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