The People's Bank of China is the central bank of the People's Republic of China responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by People's Bank Law and Commercial Bank Law. Read More
China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the USD, the lowest figure since October 30, 2020. ...
China's economic slowdown and country's high handed in tackling COVID-19 are pushing the investors to move out of the country and shut down their businesses. ...
With dollar liquidity in Asia likely to become tighter amid the Ukraine crisis and China's banking system remaining domestically focused, Japan's megabanks in financing Asia's economy will be a critical factor in ensuring free flow of dollars in the ...
China slashed lending rates for the second consecutive month as the country contends with a deepening slump in the real estate market and slowing economic growth, a media report said. ...
Grim days are ahead for the Chinese economy as the growth rate is to slump below 5 per cent following the property crisis, industrial slump, weak consumption and the fallout from COVID-19-led lockdowns. ...