» 03/15/2017, 16.40
Li Keqiang’s press conference: what was said and what was not
In a two-hour press conference, the prime minister answered 18 questions on topics ranging from US-China relations and the south China Sea to Hong Kong, Taiwan, the Korean Peninsula, and the economy. Despite the attempt to smooth things over, tensions remain, like Beijing trade war against Taiwan and South Korea, and its “distortions" over Hong Kong. Whilst urging ASEAN countries not to "take sides", China continues its militarisation of disputed islands.
12/03/2016 16:14:00 CHINA
China’s central bank reassures world that growth targets reachable
Governor Zhou Xiaochuan pledges not to use “exchange rates or other monetary policies to stimulate exports", nor resort to massive capital injections.
For New Year, China's central bank has to come up with 610 billion in cash
Such an amount is what the Chinese are expect to spend during the Lunar New Year holidays. Central bank officials must find enough liquidity without stoking inflation. At the same time, they must ensure that money markets do not seize up, and affect consumer spending. Compounding everything, some 24 IPOs are expected to lock up about 2 trillion yuan.
About 150 million people on the move for ‘Golden Week’ holidays
National holiday time has begun; public security authorities are on maximum alert, concerned by traffic jams, stations and tourist sties. Yesterday founding of People’s Republic of China was celebrated.
No one guilty for the thousands of mining deaths
According to the Supreme People's Procuratorate, 95.6 per cent of all officials investigated in cases of mining accidents are never punished despite their failure to uphold safety rules or even their collusion with mine owners.
Yuan jumps 0.43 per cent to five-year high
Two days after the China’s central bank announces greater flexibility, yuan rises significantly. Chinese shares gain immediately, pulled by airliners and property shares. Everyone is now waiting for tomorrow to see if the trend will last and what the PBOC will do.
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