China’s central bank releases first quarter data for 2021

China’s central bank releases first quarter data for 2021

(ATF) China’s central bank has released its Financial Statistics Report for the first quarter of 2021. In a press release, the People's Bank of China said "broad" money (M2) grew by 9.4% and "narrow" money (M1) expanded by 7.1% during the first three months of the year. At the end …

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China factory gate price jump raises global inflation concern

China factory gate price jump raises global inflation concern

(ATF) In the second-half of last year economists feared China was teetering on the brink of a deflationary death spiral. Not they’re worried about the exact opposite. Factory prices hit a more than two-year high in March, data showed Friday, highlighting the country's strong recovery but feeding concerns it could …

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IMF upgrades growth forecasts with China and India to lead rebound

IMF upgrades growth forecasts with China and India to lead rebound

(ATF) The International Monetary Fund (IMF) opened its annual spring meeting on Tuesday April 6 with an upgrade in its forecast for 2021 global growth to 6% from a previous prediction of 5.5%. China and India are expected to see the biggest rebound from the effects of the Covid pandemic …

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Yuan fights back as IMF shows 26% drop in US dollar holdings

Yuan fights back as IMF shows 26% drop in US dollar holdings

(ATF) China proudly announced that 29 countries support the yuan as the US dollar has been "abandoned" – after a recent IMF report showed the US share of global foreign exchange reserves has plunged by 26%. Not long ago, Ren Zeping, the current chief economist of Soochow (Suzhou) Securities, pointed …

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China set to launch the world’s largest emissions trading market

China set to launch the world’s largest emissions trading market by June

(ATF) China is readying its long-awaited national carbon emissions trading scheme (ETS) for the first transaction by the end of June, creating what is expected to be “the world’s largest” carbon trading market worth 150 billion yuan ($22.8 billion). The world’s largest source of greenhouse gas emissions is using the …

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China puts its total foreign debt at $2.4 trillion

China puts its total foreign debt at $2.4 trillion

(ATF) China's total foreign debt was 15.665 trillion yuan – US$2.4 trillion – at the end of 2020, according to the State Administration of Foreign Exchange. That figure includes domestic and foreign currencies, but excludes debt for Hong Kong SAR and Macao SAR. The agency, known as SAFE, said the …

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Pandemic hastens ESG flows but widens wealth gap 

Pandemic hastens ESG flows but widens wealth gap

(ATF) The devastating pandemic has sent national governments scrambling to build defences against a recurrence – with most efforts aimed at environmental protection and preventing biodiversity loss. These efforts will only increase in the coming years and the new normal will increase societal risks. Global inflows into sustainable funds were …

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