Bloomberg Sanctions leveled on Russia will ultimately cause more damage to the US and its allies, a research group that advises Chinese President Xi Jinping said, as Beijing weighs how much backing to give its close diplomatic partner. Russia has largely adapted to dealing with punitive financial measures since 2014, when it was penalized for seizing Crimea, Ma Xue, ...

  Bloomberg China’s smaller banks could come under greater scrutiny over financing to Russia as the nation’s biggest lenders are already showing signs of complying with US and European sanctions in a bid to protect their large international footprints. Within the commercial banking system, one model allowing China to support its strategic partner would be through an institution similar to ...

  Bloomberg China’s central bank pledged to keep its monetary policy flexible and responsive to changing economic conditions, with an overriding objective of achieving stability. The People’s Bank of China will adjust the strength, pace and focus of its monetary policy as needed, the central bank said. The statement was the first in a series planned in relation to the ...