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This is a discussion on CNY News within the Analytics and News forums, part of the Trading Forum category; China's central bank reduced its 14-day reverse repurchase rate marginally on Wednesday after cutting the short-term 7-day repo rate a ...

      
   
  1. #221
    Senior Member TheNews's Avatar
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    China Cuts 14-day Reverse Repo Rate

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    China's central bank reduced its 14-day reverse repurchase rate marginally on Wednesday after cutting the short-term 7-day repo rate a month ago. The People's Bank of China lowered its rate on 14-day reverse repo to 2.65 percent from 2.7 percent. The central bank also injected CNY 200 billion into the financial system via reverse repurchase agreements.

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  2. #222
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    The police in Kuala Lumpur have arrested 87 Chinese national, working for a crime syndicate, which operated an online investment, forex and crypto currency scam.

    The 79 men and 8 women were caught red handed using online applications to find victims and to lure them to invest in crypto currencies and forex trading.

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  3. #223
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    China's Manufacturing Sector Stabilizes In March

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    Chinese manufacturers reported a broadly stable business condition in March after deteriorating the most on record in February due to the strict measures taken to stem the spread of coronavirus, or covid-19. According to the survey conducted by IHS Markit, the manufacturing Purchasing Managers' Index rose to 50.1 in March from 40.3 in February.

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  4. #224
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    China’s GDP Plunge Is A Message That This Is Not A Drill

    China’s GDP shock is the vanguard of bad news to come for the globe’s most dynamic region.

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  5. #225
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    China Inflation Slows To 3.3% In April

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    Consumer prices in China were up 3.3 percent on year in April, the National Bureau of Statistics said on Tuesday.

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  6. #226
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    China Home Prices Increase In April

    China's home prices increased in April suggesting that the property market started gradual recovery as businesses reopen after the spread of coronavirus subsides.

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  7. #227
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    China Services PMI Jumps To 55.0 In May

    Latest PMI data signalled the first increase in Chinese services activity for four months in May amid an easing of measures related to the coronavirus disease 2019 (COVID-19) outbreak.

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    Caixin Services PMI rose to 55, and Caixin Composite PMI rose to 54.5

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  8. #228
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    China's Export Increase Unexpectedly

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    China's exports grew unexpectedly in June as easing of the coronavirus containment measures in most of the developed economies boosted foreign demand, data showed Tuesday. In dollar terms, exports climbed 0.5 percent on a yearly basis in June, the General Administration of Customs reported. Economists had forecast an annual fall of 1.5 percent after falling 3.3 percent in May.

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  9. #229
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    China Manufacturing Sector Picks Up Steam In July

    The manufacturing sector in China continued to expand in July, and at a faster rate, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 52.8.

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