Inside the PBOC’s struggle to balance China’s growth and debt
Even with worsening data pointing to the risk of a sharper decline, the PBOC is staying the course, for now. While the US Fed has slashed broad borrowing costs by 75 basis points since July, the PBOC is maintaining the most gradual of approaches, constrained by the fear of re-inflating debt bubbles or stoking already resurgent inflation.
China is saving stimulus for trade war winter as yuan weakens
Officials are sticking to a cautious monetary strategy even after tensions with...
China's Vice Premier Liu He to sign US trade deal in Washington next week
U.S. President Donald Trump said on Dec 31 that the Phase 1 deal wi...
US, China to observe market forces on currencies: PBOC
The issue of currency manipulation has become part of the ongoing talks to solve their trade confrontation.
China central bank chief says plenty of room for monetary adjustments amid trade row
China has implemented four RRR cuts this year, releasing billions in new liquidity to the market.
China reshuffles central bank monetary policy committee
China has reshuffled its central bank monetary policy committee, naming three new academic members and making Governor Yi Gang the panel's chief.
People's Bank of China governor says economy strong, financial leverage under control
U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could help ease tensions between the world's two largest economies.
China's new central banker pledges to rein in financial risk
Speaking at an economic conference, Yi Gang said today high debt for state-owned companies, local governments and households are "still a challenge."
The new head of China’s Central Bank faces a delicate balancing act
Its $5.7 trillion in financial assets give it the biggest balance sheet among major global central banks — a product of years of trade surpluses and capital inflows.
China appoints US-trained economist head of central bank
Zhou Xiaochuan, who held the post of the governor at the People's Bank of China for a record 15 years, would be replaced by Yi Gang.
China's foreign reserves plunge half a trillion dollars
China today said its foreign reserves, the world's largest, declined by about half a trillion dollars last year which largely went to its citizens and companies.
PBOC deputy governor says China stock market correction "almost over": Reports
Yi Gang told an annual meeting of the IMF and World Bank in Peru that China's stock market has experienced several rounds of corrections.
Davos 2013: China's Yi Gang warns on currency wars as yuan in 'equilibrium'
Yi Gang said that he expects China's current account deficit to narrow, which would slow the accumulation of foreign reserves.
Yuan tops Euro as second most used trade-finance currency
China’s yuan overtook the euro to become the second-most used currency in global trade finance in 2013, according to the new data.
China says convertible yuan the ultimate goal
China wants the yuan to be fully convertible and such currencies are generally free-floating, said a top central bank official.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service