China’s Economic Distress Deepens as Lockdowns Drag On
HONG KONG—China’s economy descended deeper into a Covid-19-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged…
Browsing Tag
Peoples Bank of China
Central Banks Grapple With Dual Threat of Slowing Growth, Rising Inflation
The war in Ukraine is casting a stagflationary shadow over the world economy and posing a dilemma for central banks: Should they support flagging growth or fight skyrocketing…
India’s crypto sector may gain from China’s ban, say industry executives
China’s ban on trading and mining cryptocurrencies is expected to boost India’s crypto space, and the country should come out with positive regulations to adopt this new…
Cryptocurrency in China: What’s New in Country’s Latest Crackdown?
China's most powerful regulators have intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining. The move sent Bitcoin and other…
China will maintain prudent, flexible monetary policy in H2: Central bank
China will maintain a prudent, flexible and targeted monetary policy in the second half of the year, its central bank said on Saturday, as it seeks to support growth while keeping the…
Cryptocurrency Trading Faces Strict Crackdown in China
China's central bank said on Monday it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of…
Bitcoin steadies in Asia trading after Monday’s plunge
HONG KONG: Bitcoin stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent…