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You Searched For "people s bank of china news" and got 20 results


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3 mins read

De-dollarization is not working out in China, where businesses are hanging onto their US dollars

Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …

Huileng Tan   


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2 mins read

China wants to raise its retirement age. People aren't happy.

China's Communist Party says it plans to raise the retirement age due to a growing elderly populati…

Mia Jankowicz   


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1 min read

China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…

Jennifer Sor   


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1 min read

Gold is getting so expensive that even China's central bank stopped buying

China's central bank did not add any gold to its reserves in May after 18 straight months of purcha…

Huileng Tan   


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1 min read

China just made it even harder for people in the country to access WhatsApp and Threads

The Chinese government made Apple remove two apps – just as US considers the same thing for TikTok.

Shubhangi Goel   


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2 mins read

China faces a reckoning as disillusioned Gen Z and millennial workers refuse to save for retirement: report

The New York Times reported that some young people in China have stopped contributing to pensions o…

Mikhaila Friel   


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3 mins read

People in China continue to buy gold even as the currency remains weak!

Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…

Huileng Tan   


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7 mins read

Top 10 richest people in Asia in 2024

The wealth scene in Asia is always in the spotlight, with many impressive individuals making it big…

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2 mins read

Amid market volatility, Sensex and Nifty close flat; Construction, automobile and PSU banks outperform

The stock market closed flat on Tuesday amid volatility. The benchmark index, Sensex, ended 33.48 p…

ANI   


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1 min read

China slashes interest rates in a surprise move to boost its slumping economy

China cut several short- and long-term interest rates on Monday as its economy grapples with slower…

Kelly Cloonan   


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2 mins read

The US dollar is so strong that China's central bank, among others, just keeps loading up on gold

Not just China, but other central banks including Turkey and India are loading up on gold, amid a s…

Huileng Tan   


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2 mins read

China's consumers aren't buying stuff, but it's not because they're broke

China's household deposits reached a record high of around 147 trillion yuan, or $20.2 trillion, at…

Huileng Tan   


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2 mins read

Fitch's negative outlook for China is more bad news for its stalling economy

Beijing is battling deflation and an ongoing property-market crisis that the ratings agency says is…

George Glover   


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3 mins read

The most immediate threat to China's economy isn't external. It's internal.

On Monday, Beijing released new data that underscores the scale of China's domestic consumption pro…

Huileng Tan   


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3 mins read

China has a problem with electric cars and that's bad news for Elon Musk

Ongoing price wars and a faltering economy have dampened Chinese demand for electric cars. That's h…

George Glover   


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2 mins read

China is still struggling to fix its demand problem and that's bad news for the likes of Apple and Tesla

China's GDP rose by a better-than-expected 5.3% in the first quarter, but analysts flagged slowing …

George Glover   


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6 mins read

China and Russia are in a bad marriage that the West shouldn't try to break up

China and Russia have good reasons for their partnership but there are many issues likely to limit …

Michael Peck   


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2 mins read

China is greenlighting possible death penalties for 'diehard' supporters of Taiwan gaining independence

Punishments for actively supporting Taiwan's independence include 10 years and up in prison or the …

Matthew Loh   


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3 mins read

Millions of people are traveling to see the total eclipse. Hotels, motels, and skydiving operators are making bank on it.

The next eclipse won't come for 20 years, so people are shelling out for lodging and activities in …

Shubhangi Goel   


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1 min read

China's biggest banks are finally getting scared by the West's sanctions against Russia

Chinese banks are tightening compliance checks with Russian businesses as they fear getting caught …

Huileng Tan