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Category Yuan

China’s central bank injected 601.8 billion yuan to stop a growing bond selloff

China’s central bank injected 601.8 billion yuan to stop a growing bond selloff

China’s central bank dropped a bomb of cash on Friday. The People’s Bank of China (PBOC) pushed 601.8 billion yuan, about $84 billion, into the sys...
EU braces for tense China talks amid trade disputes

EU braces for tense China talks amid trade disputes

EU leaders Ursula von der Leyen and António Costa are expected to meet Chinese President Xi Jinping this week as geographical tensions intensify.
Conflux announces plan to launch a yuan-backed stablecoin

Conflux announces plan to launch a yuan-backed stablecoin

Chinese blockchain developer Conflux has rolled out the third iteration of its public network and announced plans for a stablecoin pegged to the of...
China kept its key lending rates steady at 3.0% for one-year and 3.5% for five-year loans

China kept its key lending rates steady at 3.0% for one-year and 3.5% for five-year loans

On Monday, China’s benchmark lending rates remained unchanged as it faces softening growth and weak consumer confidence. The People’s Bank of China...
China continues to tighten control over global rare earth supplies

China continues to tighten control over global rare earth supplies

China has released its first set of rare earth mining quotas for 2025 quietly, marking a move to tighten state control over an industry vital to ev...