BEIJING : China will lower financing costs for firms, stabilise market expectations and support the property sector in coming months, the central bank said on Tuesday amid a flagging economic recovery.
The People's Bank of China's statement followed a meeting at which officials from the bank and the State Administration of Foreign Exchange looked to the second half of the year. The PBOC will also guide commercial banks to adjust rates on existing mortgages in a legal and orderly manner. China will also pay close attention to cross-border capital fluctuations, keep the yuan basically stable and step up support for firms to hedge exchange rate risks, the PBOC statement said.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Typhoon Doksuri: Thousands flee their homes as heavy rain lashes BeijingBEIJING: Beijing recorded its heaviest rainfall this year as the remnants of Typhoon Doksuri passed t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Military helicopters deliver aid to Beijing flood victimsBEIJING: China deployed military helicopters on Tuesday (Aug 1) to deliver supplies to stranded train passengers in Beijing, state media reported, after deadly rainstorms wreaked havoc in the Chinese capital.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tens of thousands evacuated as northern China hit by torrential rainBEIJING — Tens of thousands of people were evacuated from high-risk areas of Beijing and another northern city as much of China was lashed by torrential rain on Sunday (July 30).
Source: TODAYonline - 🏆 1. / 99 Read more »
Japanese eateries in China fear ruin as Fukushima water discharge loomsBEIJING: It's been just over three weeks since China increased checks on Japanese food imports over radiation concerns, but Kazuyuki Tanioka is already fearful for the future of his upscale Beijing sushi restaurant. Like most restaurants in China, Tanioka's eight-year-old Toya has struggled with years of C
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Typhoon Doksuri: Thousands flee homes as heavy rain lashes BeijingThe Chinese capital remains on red alert, with more rain and flooding forecast. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Extreme rain in Beijing after Typhoon Doksuri turns roads into rivers, kills 2BEIJING — In Beijing's western suburbs, cars were swept away on Monday (July 31) as relentless rain since the weekend transformed roads into rivers, killing at least two and trapping hundreds, despite an overnight evacuation of tens of thousands from their homes.
Source: TODAYonline - 🏆 1. / 99 Read more »