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CAD/CNH News
China's Consumer Prices Rise For Third Month in April
China's consumer prices edged up for a third straight month in April, exceeding market expectations, according to data from the National Bureau of Statistics released on Saturday. The Consumer Price I
Breaking: China's GDP Expands 5.3% YoY in Q1 2024 Vs. 5.0% Expected
China’s economy expanded 5.3% over the year in the first quarter of 2024, as against a 5.2%% growth in the final quarter of 2023, the official data released by the National Bureau of Statistics (NBS) showed on Tuesday.
China's New RMB Loans Hit 9.5 Trillion Yuan in Q1
China issued 9.46 trillion yuan of renminbi-denominated loans in the first quarter of 2024, according to data from the People's Bank of China on Friday. In 2023, China's first-quarter new yuan loans h
China Central Bank Keeps Key Policy Rates Steady
China's central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month. The People's Bank of China kept the one-year medium-term lendi
Economy on Stable Footing, Experts Say
China's economy has started 2024 on a stable footing, indicating a sustained trajectory of robust recovery throughout the year, despite pressures and challenges both at home and abroad, officials and analysts said on Thursday.
National Bureau of Statistics: PPI fell 2.8% year on year in March, down 0.1% month on month
In March 2024, the ex-factory prices of industrial producers across the country fell 2.8% year on year and 0.1% month on month.
Chinese Retail Sector Expands for 12th Straight Month, Survey Says
China's retail sector expanded for the 12th consecutive month in April, with the Chinese Retail Performance Index at 50.4%, Xinhua News Agency reported Sunday, citing a survey by the China General Chamber of Commerce.
China Forex Reserves Edge Higher, New Tech Lending Program Announced
Country's foreign-exchange reserves edged up in March, while the People's Bank of China announced a new relending program to sponsor tech development. The country's foreign-exchange reserves rose $19
China's Service Economy Expands Further, Caixin PMI Shows
A private gauge of China's services activities edged deeper into expansionary territory for a 15th straight month in March.
China's Services Sector Extends Growth in March
China's services purchasing managers index or PMI rose to 53 in March, up 1.6 percentage points from the prior month, according to data published by China's National Bureau of Statistics on Sunday.
Yuan Weakens, Dragged by PBOC's Markedly Lower CNY Fixing -- Market Talk
The yuan weakens against the dollar in onshore and offshore markets after the People's Bank of China lowered the daily CNY fixing by the most since early February earlier in the Asian session.
March LPR released! The 1-year and 5-year terms are all on hold. Is there still room for interest rate cuts during the year?
3.45% for 1 year, 3.95% for 5 years or more
China's CPI Inflation Rises by 0.7% YoY in February Vs. 0.3% Expected
China’s inflation, as measured by the Consumer Price Index (CPI), rose by 0.7% YoY in February from a 0.8% decline in January. The market consensus was for a rise of 0.3%.
PBOC Governor Pan: There Is Still Room for Cutting RRR
People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that “there is still room for cutting RRR.”
China to Remain Key Engine for Global Growth
China's economic recovery is poised to be further consolidated and strengthened, Liu added.
China Reports Current Account Surplus in 2023
China's current account surplus amounted to $264.2 billion in 2023, the country's foreign exchange regulator said on Sunday.
China's Central Bank Injects 140 Billion Yuan in Short-Term Liquidity
The People's Bank of China has injected a total of 140 billion yuan in short-term liquidity into the banking system on Friday and Sunday to "maintain stable liquidity before the Spring Festival." On F
Open Source Securities: Downgrade exceeds expectations, focus on the possibility of interest rate cuts in February-March
The Zhitong Finance App learned that Open Source Securities released a research report saying that starting February 5, the deposit reserve ratio of financial institutions will be lowered by 0.5 percentage points (excluding financial institutions that have implemented a 5% deposit reserve ratio); in addition, starting January 25, the interest rates for agricultural reloans, small reloans, and rediscount interest rates will each be lowered by 0.25 percentage points.
China's Central Bank Lowers Seven-Day Reverse Repos to 71 Billion Yuan
The People's Bank of China injected 71 billion yuan in short-term liquidity into the banking system on Friday, according to a same-day notice. The capital infusion was carried out via seven-day revers
Inflation Primed for 'Moderate' Increase in 2024
The consumer price index, a main gauge of inflation, is expected to witness a moderate increase this year, as China looks to bolster domestic demand and shift from the post-COVID consumption recovery to one of sustained expansion, officials and analysts said.