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Liquidity
Liquidity
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An interbank liquidity crunch has made China's overextended commercial banks the first sector in the country to feel the pressure of the reform package initiated by the new leadership. Despite the unusually-high interbank lending rates over the past two weeks, China's central bank did not pump hefty amounts of money into the cash-thirsty market as expected in a bold but essential move to discipline unchecked lenders. Such financial brinkmanship spooks investor confidence, sending the benchmark stock index into a tailspin to a four-year low. The panic, if unsoothed, may worsen the already slowing world's second largest economy.
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  • (China Daily)2017-07-20 08:01

    A worker monitors container operation at Zhoushan port in Ningbo, Zhejiang province. [Photo/China Daily]Editor's note: China's gross domestic product expanded at a rate of 6.9 percent in the first half of this year. In a series of interviews, China Daily asked economists, analysts and business leade...

  • (China Daily)2017-07-20 07:11

    To defuse financial risks, especially systemic ones, is a fundamental task, and this explains why China unveiled a series of reform plans at a recent National Financial Work Conference to safeguard its financial security and promote the financial sector's efficient and sound operation to lubricate i...

  • (Xinhua)2017-07-18 13:34

    BEIJING — China's central bank on Tuesday pumped 200 billion yuan (about $30 billion) into the financial system through open market operations, the highest daily injection in the past month. The operations included 130 billion yuan of seven-day reverse repos, with an interest rate of 2.45 percent,...

  • (China Daily)2017-07-18 08:59

    Editor's Note: China's gross domestic product jumped to an unexpected 6.9 percent growth year-on-year in the first half of 2017. In a series of interviews, China Daily put four crucial questions to economists, analysts and business leaders about the prospects of economic growth in the country and wi...

  • (China Daily)2017-07-17 08:24

    Short-term pains will likely be traded for long-term economic health China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy. The People's Bank of China increased cash injections early in June ...

  • (China Daily)2017-07-15 07:08

    Editor's Note: China's top policymakers will gather this weekend at the Central Financial Work Conference in Beijing to discuss and formulate policies for the country's financial sector. The meeting, which is held once in five years, will set the tone for the country's financial policies and reform ...

  • (Xinhua)2017-07-15 07:08

    Editor's Note: China's top policymakers will gather this weekend at the Central Financial Work Conference in Beijing to discuss and formulate policies for the country's financial sector. The meeting, which is held once in five years, will set the tone for the country's financial policies and reform ...

  • (Xinhua)2017-07-13 16:23

    BEIJING - China's central bank Thursday announced lending worth 360 billion yuan ($53 billion) via the medium-term lending facility (MLF) to keep liquidity stable. The loans will mature in one year with an interest rate of 3.2 percent, according to the People's Bank of China (PBOC). The MLF was firs...

  • By Wang Yanfei(China Daily)2017-07-13 07:11

    Central bank: Economy's needs met during deleveraging Growth in a broad measurement of China's money supply dropped to a record low in June as regulators worked to reduce leverage in the nation's economy. The M2 money supply grew 9.4 percent from a year earlier, after a 9.6 percent growth rate in Ma...

  • (Xinhua)2017-07-12 17:11

    BEIJING - With resumed cash injection into the market, China's central bank has sent a clear signal of maintaining stable liquidity, dispelling concerns about monetary tightening. The People's Bank of China (PBOC) Wednesday pumped 70 billion yuan ($10.3 billion) into the banking system through rever...

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