People's Bank of China
China's woes and a still flawed global economy
With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.
China market slump: Central bank cuts interest rates
China has cut its main interest rate to boost growth in its economy.
China's yuan devalued for second day
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut.
China's woes and a still flawed global economy
With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.
China market slump: Central bank cuts interest rates
China has cut its main interest rate to boost growth in its economy.
China's yuan devalued for second day
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut.