Further Slowdown Predicted for Q4
China's economy is likely to slow down again in Q4 2013 when the central bank is expected to ease monetary policy, said China International Capital Corp, the nation's biggest investment bank. August macroeconomic data showed some signs of recovery due primary to low bases a year earlier and some temporary stimulus policies, according to CICC. Bond yields are currently at a very attractive level and are expected to diminish in the coming months, CICC added.
Central Bank Official Warns of Interbank Risks
China's interbank business assets and liability has risen 32.7% and 24.4% annually respectively in the 3 years through June 2013, the China Securities Journal reported, citing Hu Xiaodong, deputy governor of the People's Bank of China. Interbank business has become a popular approach for commercial banks to manage liquidity and increase profits, while the rapid expansion of the business has posed a threat to the central bank's monetary policies aimed at avoiding financial risks as some banks used interbank lending to get around regulatory requirements.
B2B Value to Top 20 Trillion Yuan by 2018
The value of B2B transactions in China is expected to total 20 trillion yuan by 2018, according to a plan released by the Ministry of Industry and Information Technology. The amount grew 15.4% to 3.4 trillion yuan in 2012, and operating revenues of B2B service providers rose 26% year on year to 9.38 billion yuan in 1H 2013, the China e-Business Research Center said.
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