Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.
Tag: People’s Bank of China
China Appoints Xi Jinping Loyalist Li Qiang as Premier
The former Communist Party leader of Shanghai and now occupying the No. 2 spot, Mr. Li is among the men who will be leading the nation for the next five years.
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.
China Injects $126 Billion Into Its Slowing Economy
The move comes as Beijing fights a costly trade war with the United States while looking for ways to keep its growth going.
China Signals It Will Continue to Weaken Its Currency as Trade War Rages
The country’s central bank guided the renminbi past another key point, suggesting Beijing could weaponize it if Trump imposes more tariffs.
How Does China’s Currency Move Put Pressure on U.S.?
A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States.
China’s Currency Moves Escalate Trade War, Rattling Markets
The trade war intensified Monday, as Beijing allowed its currency to weaken and the Treasury Department labeled China a currency manipulator.
China’s Currency Weakens in a Potential Challenge to Trump
The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon.
U.S. and China Near Currency Deal, but Provisions May Not Be New
The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016.
China Pours $218 Billion Into the Economy as Growth Slows
The Chinese central bank’s move is intended to send a signal that Beijing is ready to stem a slowdown that has darkened the global outlook.