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Top related persons:
Anton Siluanov - 1 Siluanov - 1 Vladimir Putin - 1 Dong Jinyue - 1 SCMP - 1
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Russia China Moscow Ukraine Madrid Russian
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China - 1 Russian - 1 Business - 1 Beijing - 1 Street - 1 China Morning Post - 1 BBVA Research - 1 Russia - 1

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☆ 2024 is already straining the seams of China and Russia's 'no limits' partnership
  + stars: | 2024-02-28 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
AdvertisementRussia's finance ministry has been discussing yuan loans with its China counterparts — but a delayed decision suggests the two countries' "no limits" partnership may be under strain. Russian Finance Minister Anton Siluanov told RIA state news agency in an interview published on Monday that Russia is discussing the issue with Chinese authorities. Russia's finance ministry did not immediately respond to a request for comment from Business Insider. However, two years after Russia started its ongoing war in Ukraine, Russia and China appear to be continuing to conduct business as usual. Three of China's Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia's Izvestia news outlet reported on February 21.
Persons: Anton Siluanov, Siluanov, Vladimir Putin, Dong Jinyue, SCMP Organizations: China, Russian, Business, Beijing, Street, China Morning Post, BBVA Research, Russia Locations: Russia, China, Moscow, Ukraine, Madrid, Russian
☆ Analysis: China's 'atypical' deflation cycle gives central bank a headache
  + stars: | 2023-04-19 | by ( Kevin Yao | ) www.reuters.com   time to read: +5 min
China GDP"China is entering an 'atypical' deflation cycle, which means deflation amid economic recovery," said Jinyue Dong, senior economist at BBVA research. China's new bank lending hit an all-time high in the first quarter. The central bank cut lenders' reserve requirements ratio (RRR) for the first time this year in March. But analysts say that is largely due to last year's low base caused by COVID-19 curbs that hit consumers the hardest, rather than underlying household demand. Reuters GraphicsNew household loans, mainly mortgages and consumer loans, accounted for 16% of total new loans in the first quarter, despite a jump in mortgages in March, while corporate loans made up for the rest.
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