Outspoken economist Yu Yongding calls for more infrastructure investment ‘or we won’t meet this year’s 5 per cent growth target’.

China's central bank on Sunday adjusted the pricing mechanism for mortgage rates, as the country aims to lower the financial burden on property owners. In accordance with the central bank's guidance,

People's Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads.

The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.

The People’s Bank of China has cut its main policy rate and its reserve requirement ratios (RRRs) for banks, as part of the economic stimulus package it unveiled earlier this week.

China’s central bank cut a key policy rate just one day after announcing several monetary easing measures to boost lending amid concerns that Beijing might miss its official annual growth target this year.

SHANGHAI (Reuters) -China's central bank said on Friday it was lowering the borrowing cost of its seven-day reverse repurchase agreements, as part of the biggest stimulus package since the pandemic unveiled by Beijing this week to support the economy.

China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth. The move takes effect Friday and was flagged on Tuesday by PBOC Governor Pan Gongsheng at a press conference,

China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.

China on Friday opened up over a hundred billion dollars in cash for its ailing economy, capping a week in which its leadership embark on one of their biggest drives in years to kickstart growth.