China signals tighter credit ahead

China signals tighter credit ahead

(ATF) Commercial banks in China kept the rates they charge corporates and home owners unchanged as signs emerged quantitative controls on lending would be the preferred monetary policy tool. China kept its benchmark lending rate for corporate and household loans unchanged for an 11th straight month at its March fixing …

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Predatory online loans still causing trouble for young Chinese

Predatory online loans still causing trouble for young Chinese

(ATF) The Chinese government has imposed a range of measures to crack down on online lending platforms, and while these moves have hit some of the country's biggest operators, such as Alibaba, Tencent, etc, they appear to have only been a partial success. And that may stem from the fact …

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China’s new 5-year plan confirms slow start on climate plans

China’s new 5-year plan shows a slow start on climate plans

(ATF) China’s first Five-Year Plan since its carbon neutrality pledge last September fails to set an emissions cap, and the reduction targets for “carbon intensity” and “energy intensity” set out in the plan are modest compared with the preceding five-year period. Some climate advocates have expressed scepticism, saying China is …

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China to speed up reform of SOEs, plus energy and railway sectors

China to speed up reform of SOEs, plus energy and railway sectors

(ATF) This year China aims to complete 70% of its three-year plan for market-oriented reforms of state enterprises, and to ramp up reforms in the energy and railway sectors, officials said during the 'Two Sessions'. The 'Two Sessions' – annual gatherings of the Chinese People’s Political Consultative Conference (CPPCC) and …

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China factory price uptick to persist 

China factory price uptick to persist 

(ATF) China's producer prices rose at the fastest pace in over two years as global customers sourced more goods from the world’s second largest economy, and that robust demand made oil and commodities more expensive, a trend which is seen as sustaining. The latest National Bureau of Statistics data showed …

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Rise in home prices a further test for China's regulators

Rise in home prices a further test for China's regulators

(ATF) Home prices are a delicate issue in China, partly because there is a massive bubble of debt lingering under the property market that needs to be gently deflated this year, without creating a major repercussions for the economy and the party. So, it was a slight surprise to see …

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State Council work report shows strong employment growth

State Council work report shows strong employment growth

(ATF) At the current ‘Two sessions' meeting in Beijing, China's State Council submitted its work report. News on the work front was positive. From the perspective of "major macroeconomic indicators", officials said that 11.86 million new urban jobs were created in 2020. Urban surveys showed the unemployment rate averaged of …

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