China Economy – Page 7 – Charm

China Moves To Avoid Economic Setback

Cs news9 months ago06 mins

Beijing has revealed its largest stimulus package since the pandemic in a bid to shake the world’s second-largest economy out of its current malaise. The measures, announced Tuesday by the People’s Bank of China (PBOC), include lowering the reserve requirement ratio (RRR)—the amount of cash the country’s banks must hold in reserve — effectively making…

Vladimir Putin’s Pivot to China is backfiring

Cs news10 months ago06 mins

Russia’s pivot to China has faced multiple setbacks this year as Chinese banks, wary of U.S. sanctions imposed over Vladimir Putin‘s invasion of Ukraine, are rejecting transactions, forcing Moscow to raise fees on yuan (RMB) transfers. Heavily sanctioned Moscow has benefited from the world’s second-largest economy since the Ukraine war began, with bilateral trade rocketing…