Why Xi is walling in China’s money – and why it won’t work
TOKYO – China’s latest fix for its ailing economy: build a better birdcage. The metaphor runs deep in…
Millions of Chinese consumers ditch their credit cards amid prudent spending, slow economy
Weak consumer spending and a crackdown on inactive accounts have led to a plunge in the number of…
Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns
Dwindling global trust in the US dollar is one of the most prominent risks facing a vulnerable world…
China Is Pumping Cash to Fill a $456 Billion Liquidity Shortfall
(Bloomberg) — The People’s Bank of China is boosting the supply of money available to banks to ensure…
China to hide bad debt records for pandemic-hit borrowers who repay small loans
China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their…
China’s PBOC Vows Steps to Promote Use of Yuan Around the World
The People’s Bank of China in Beijing. Bloomberg (Bloomberg) — Chinese authorities pledged to make it easier for…