China’s yuan strengthened after the central bank raised the currency’s daily fixing from a one-week low and added funds to the financial system to ease a shortage of cash before the week-long Lunar New Year holiday.
China’s second straight annual drop in its working-age population is robbing President Xi Jinping of an engine of three decades of growth, underscoring the need to close the gap between his achievements and ambitions.
Hedge fund manager James Chanos is overly pessimistic about China’s property market because he underestimates government efforts to avoid a bubble, according to Fan Gang, a former People’s Bank of China adviser.
China doesn’t face the risk of inflation this year, as it did in 2006 and 2008, because the consumer price index is likely to be 3 percent to 4 percent, according to Fan Gang, a former central bank adviser.
Chinese investors approached Alberta Investment Management Corp., a Canadian pension fund, to consider a joint counterbid for Potash Corp. of Saskatchewan Inc. , the fund’s chief executive officer said.
China’s trade deficit in March showed that it’s incorrect to claim the country’s economy depends mainly on exports, Fan Gang, professor of economics at Peking University and a member of the monetary policy committee of the People’s Bank of China, said in a column in the China Daily today.
China’s stocks rebounded from a four- month low, erasing a weekly decline by the benchmark index, as investors speculated inflation may ease in coming months, reducing the need for further tightening measures.
China’s manufacturing is expanding at the fastest rate in two years, according to a private survey of companies, bolstering prospects that economic growth will accelerate for a second straight quarter.