Bank of China

Industrial Production Slows in China, Inflation Rises

An industrial area as seen from the Western Mountains on Sept. 13, 2012 in Beijing, China. In September, China’s CPI increased 1.9 percent over last year. (Lintao Zhang/Getty Images) China’s stagflation, that is, high inflation and low growth, may create social turmoil if it drags on, accordin...

CDT Money: Time to Call the Bottom?

A breeze of cautious optimism wafted into the Chinese economy this week despite a seventh consecutive quarter of slowing GDP growth, as better-than-expected September data signaled that the world’s second largest economy may have begun to stabilize heading into next month’s 18th Party Co...

China’s Money Supply Sees Dramatic Increase

Beijing's Central Business District made from Chinese yuan notes, in 2007. Economists say that the excessive printing of money in China has led to inflation, which the regime attempts to conceal. (Teh Eng Koon/AFP/Getty Images)  A measure for Chinese money supply surpassed 94.37 trillion yuan...

Chinese Finance Chiefs Skip IMF Meeting in Tokyo, Report Says

Governor of the People's Bank of China Zhou Xiaochuan (Alex Wong/Getty Images) The Chinese central bank governor and minister will not attend the International Monetary Fund and World Bank meetings that are being held in Tokyo, with speculation that it might be due to the ongoing tensions bet...

Chinese banks not to attend Tokyo’s IMF-WB meeting

China's major banks confirmed with Xinhua Monday that they will not attend the International Monetary Fund-World Bank meeting that opens Tuesday in Tokyo. The banks include the country's four State-owned banks - the Industrial and Commercial Bank of China, Bank of China, China Construction Bank, ...

Two Chinese banks get full banking licenses in Singapore

BEIJING, Oct. 8 (Xinhua) -- Singapore has granted full banking licenses to two Chinese banks, allowing them to have greater access to the Singapore market. After getting the qualified full bank (QFB) status, the Bank of China and Industrial and Commercial Bank of China (ICBC) can open as many as ...