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BEIJING: The People’s Bank of China’s (PBoC) announcement last Thursday of a second cut to the reserve requirement ratio (RRR) this year, signals that policymakers are decisively ramping up stimulus to reinforce the pickup in economic momentum, experts say.
By Chernor Alimamy Kamara In order to support the operations of the Mobile Clinic, the Chinese Ambassador to Sierra Leone, Wang Qing has boosted the Ministry of Health with a 20,000 (twenty thousand) dollar in cheque. The cheque was presented at the commemoration of the maiden outreach service of Hospitals on Wheels at the conference room of the ministry in Freetown on the 1st
China’s financial regulators have the capability, confidence and conditions to maintain basic stability of the yuan’s exchange rate, the People’s Bank of China (PBC) said on Monday, pledging more efforts to correct pro-cyclical and one-sided behavior to curb speculation and other risks.
Consumer spending witnessed a rise during summer holidays in China, as various sectors welcomed a surge in retail sales.
China's official manufacturing purchasing managers' index (PMI) continued to improve in August, marking the third consecutive monthly increase despite the index remaining in contraction territory.