BEIJING: China’s central bank pledges greater support for the real economy, and says it will make monetary policy more forward-looking and targeted. There will be more “ proactive ” use of monetary policy tools, according to the People’s Bank of China( PBoC) in a statement.It added that there will be “ good use ” of the monetary policy tools’ quantitative and structural functions, referring to the adjustment of liquidity in the market and policies targeted at certain groups. The monetary policy

SHANGHAI: China stocks ended higher on Tuesday after the central bank cut the amount of cash banks must hold in reserve, while investors cautiously watched if Evergrande would default as the world's most indebted developer inches closer to a debt restructuring. The blue-chip CSI300 index closed 0.6% firmer at 4, 922.10, while the Shanghai Composite Index gained 0.2% to 3, 595.09 points. Hong Kong shares rebounded from a 14-month low to close higher.... The Hang Seng index rose 2.7% to 23, 983.6

More support is also expected for small businesses. The PBOC last cut the RRR-the amount of cash that banks must hold as reserves-by a standard 50 basis points( bps) on Dec.... The data will be reported on Jan.... 17. Goldman Sachs has cut its 2022 China growth forecast to 4.3% from 4.8% due to the latest COVID-19 developments....

--There was a time when Black farms prospered. Just two generations out of slavery, by 1910 Black farmers had amassed more than 16 million acres of land and made up about 14 percent of farmers.... And only about one in 100 farmers is Black. What happened?... They were able to overcome the broken promise of “ 40 acres and a mule ” to the newly freed slaves — a military order, later rescinded....