People's Bank of China
Why the Central Bank of China wants to stop the devaluation of the yuan against USD
The People's Bank of China announced on Sept. 5 that it would reduce financial institutions' foreign exchange deposit reserve ratio by two percentage points from Sept. 15, from 8% to 6%. It's the second time such measures have been announced this year, and the two percentage point reduction is the largest since 2004. ...
China’s central bank reserves closer to the line of instability, analysts say
At a briefing in Beijing about financial statistics on January 18th, the word “stability” was repeated 36 times. At the conference, Liu Guoqiang, deputy governor of People’s Bank of China (PBOC), acknowledged that the current economy was facing triple pressure. In order to solve this, he proposed that China needed to ...
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