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Category PBOC

Former PBOC governor Zhou Xiaochuan warns against China adopting stablecoin

Former PBOC governor Zhou Xiaochuan warns against China adopting stablecoin

China’s former central bank governor has warned against the recent growing wave of support for stablecoin adoption in the country. Zhou Xiaochuan h...
Chinese consumers pull back again, piling more pressure on Xi's economy

Chinese consumers pull back again, piling more pressure on Xi's economy

China is sinking deeper into economic trouble as its people pull back hard on spending… again. The country’s ongoing real estate disaster is still ...
Ant Group denied claims on plans to develop rare earth-backed stablecoins

Ant Group denied claims on plans to develop rare earth-backed stablecoins

China Rare Earth Group, Ant Group, and the People’s Bank of China (PBoC) have come forward to deny rumors that claim they plan to launch a joint ef...
Japan’s yen rose after Ishiba’s party lost the election

Japan’s yen rose after Ishiba’s party lost the election

The Japanese yen jumped early Monday, catching traders off guard just hours after Ishiba’s ruling party suffered a historic blow in the upper-house...
Chinam pledges to share technology and support trade with countries at WEF event

Chinam pledges to share technology and support trade with countries at WEF event

China’s Premier, He Lifeng, vowed to open China’s doors to trade activities and share technological advances with other countries.