China Industrial Profit Rises in March -- WSJ
Pan Gongsheng: A moderately accommodative MMF policy will be implemented to promote the high-quality development of China’s economy.
The President of the People's Bank of China, Pan Gongsheng, emphasized that economic fragmentation and ongoing trade tensions continue to disrupt the Industry Chain and supply chains. Major economies should strengthen their participation in the coordination of international macroeconomic and financial policies to maintain Global economic and financial stability.
Tariff Tension Likely to Drag Global Economic Growth in Next Two Years -- Market Talk
The central bank's press conference today highlighted key points: improving the efficiency of KUAJINGZIJIN flow and reducing the costs of cross-border trade. Here's the interpretation!
① Multiple departments recently jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center"; ② The central bank held a press conference today, and relevant officials stated that they will continue to optimize the policy toolbox for cross-border financial services, effectively supporting enterprises in going global; ③ Several market participants told reporters that the plan emphasizes the cross-border use of the RMB, providing policy guidance for international trade and investment financing.
China Urges Yuan First in Global Expansion Drive
Currency Volatility Spikes As Central Banks Ponder Further Rate Cuts
