Wenjin Lv

1 month ago | bloomberg.com | Dan Murtaugh |Wenjin Lv |Yujing Liu

China should raise consumption to a level close to those of developed countries in the next decade, a government adviser said, adding to calls to rebalance the world’s second-largest economy away from investment and export. Peng Sen, president of the China Society of Economic Reform, said Tuesday authorities should make efforts to boost consumption as a share of gross domestic product to 70% by 2035 from about 55% currently.

1 month ago | bloomberg.com | Colum Murphy |Wenjin Lv

Asia’s economy will avoid a slowdown this year even as US President Donald Trump escalates his campaign to put pressure on countries by raising tariffs, according to a report issued at China’s premier international conference. Forecasts released by the Boao Forum for Asia on Tuesday showed growth across the continent is expected to reach 4.5% this year, slightly higher than last year’s 4.4%.

Sep 23, 2024 | afr.com | Wenjin Lv

Mr Pan used a similar briefing in January to announce a cut to the amount of money banks must hold in reserve — the RRR —- two weeks ahead of time, as authorities tried to halt a $US6 trillion stock-market rout. The PBoC governor has displayed a more transparent approach to policy during his first year in the post as officials try to shore up confidence. Still, a string of rate cuts recently hasn’t done enough to stimulate an economy that expanded at the slowest pace in five quarters.

Jan 21, 2024 | thewealthadvisor.com | Marcus Wong |Tania Chen |Wenjin Lv

(Bloomberg) - Skepticism over Chinese assets is spreading beyond stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve’s dovish pivot is set to buoy emerging markets.  Bearish sentiment toward China has intensified as the latest data confirmed the world’s second largest economy remains in the doldrums.

Oct 20, 2023 | news.bloomberglaw.com | Tian Chen |Fran Wang |Wenjin Lv

China took a fresh step to ensure funding costs in its financial markets are sufficiently low so a tentative pickup in the nation’s economy can take hold. The People’s Bank of China handed lenders a record sum of cash via a short-term liquidity tool on Friday, as <-rte-company state="{"_id":"0000018b-4c77-d53f-a1eb-7c7f583b0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">an indicator for funding costs surged to the highest since April.