BEIJING (Reuters) - An official at China's central bank urged banks to step up lending to private companies during a meeting on Wednesday with ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWatch on
Relevant financial departments are formulating policy documents with this goal in mind, the newspaper quoted Ma Jianyang, deputy head of the financial market department at the People's Bank of China as saying. China's new bank loans tumbled in July and other key credit gauges also weakened, even after policymakers cut interest rates and promised to roll out more support for a faltering economy.
Investment by private companies shrank 0.5% in the first seven months of the year, bigger than the 0.2% decline for the first half.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US commerce chief set to meet Chinese vice premier in BeijingBy David Shepardson BEIJING (Reuters) - U.S. Commerce Secretary Gina Raimondo is meeting China's vice premier He Lifeng on Tuesday, her second full day ...
Read more »
South Korea exports to extend downturn amid worsening China outlook: Reuters pollBy Jihoon Lee SEOUL (Reuters) - South Korea's exports likely fell in August for an 11th consecutive month, a Reuters survey showed on Wednesday, as ...
Read more »
U.S., China agree to discuss export controls as commerce secretary visits BeijingChinese leader Xi Jinping’s government wants to revive foreign investor interest in China as it tries to reverse a deepening economic slump
Read more »
UK Seizes on US-China Thaw as Moment to Reset Ties With BeijingIt may be now or never for the UK to repair its battered relationship with the world’s second-largest economy.
Read more »