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Category PBOC

China must boost consumption, but doubts grow over Xi’s ability to pull it off

China must boost consumption, but doubts grow over Xi’s ability to pull it off

China’s economic plan has hit a wall, and now the government wants households to carry the weight. For years, Beijing leaned on exports and state-l...
China to Promote Yuan For International Use, PBOC Governor Confirms

China to Promote Yuan For International Use, PBOC Governor Confirms

The entire globe is currently witnessing a major shift. The US dollar seems to be taking a backseat…
PBOC governor announces a 0.5% RRR cut to support economic growth

PBOC governor announces a 0.5% RRR cut to support economic growth

China’s central bank (PBOC) plans to cut the reserve requirement ratio by 0.5%.
De-dollarization agendas could spike South Korea, Singapore and China’s currency usage: Goldman Sachs

De-dollarization agendas could spike South Korea, Singapore and China’s currency usage: Goldman Sachs

Global central banks could be looking beyond the US dollar after US President Donald Trump slapped countries with tariffs, causing geopolitical ris...
China’s president Xi Jinping says Trump lied about them having a phone call

China’s president Xi Jinping says Trump lied about them having a phone call

China’s government flat-out said on Monday that President Xi Jinping has not spoken with President Trump recently, killing any idea once again that...