China is the first crack in the COVID-19 recovery
The shift by China's central bank is jarring because the nation spent months conveying the idea that it was comfortable trimming — not adding — support for the economy.
China is quietly stepping up its interventions in markets
China is resorting to increasingly forceful measures to contain risks to the financial system, in moves that could undermine Xi’s pledge to give markets greater freedom.
China's banks are bursting with dollars, and that's a worry
Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China's banks leapt above $1 trillion for the first time in April.
China still needs an expansionary economic policy
The People’s Bank of China (PBOC, the central bank) is likely to maintain its monetary policy stance, if not tighten it.
Gov. Yi Gang has urged markets to start thinking about an "exit” from the looser financial policies of earlier this year despite its historic first-quarter slump.
Wall Street surges as China financial measures soothe virus worries
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China's central bank intervened. The Dow was on pace for ...
China vows increased measures to 'win' battle against growing bank risks
China pledged to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a buildup in bad debt at its traditional lenders. As concerns mount ...
China's companies have unseen foreign debt that's maturing fast
The foreign debt built up by Chinese companies is about a third bigger than official data show, adding to the pressure on the country's currency reserves as a wave of repayment obligations approaches in 2020. On top of the $2 trillion in liabilities to foreign ...
Central banks quietly trim stimulus while hoping to maintain global growth
Central bankers are gingerly trying to take away the punch bowl without interrupting the party. Led by interest rate increases by the Federal Reserve and the People's Bank of China, central banks around the world shifted toward a tighter monetary stance last week. Yet the moves ...
China's baby steps toward economic disaster
Decisions Japan made in the late 1990s can serve as a cautionary example of what policies China should avoid as it tries to bump-start its stalled economy.
Next time, China might have to face the fire
China's leaders should take advantage of the recent respite from instability and low confidence to redouble their economic reform efforts. Otherwise, they can expect alarm bells to begin ringing again.
