China has named Pan Gongsheng as the new governor of its central bank, the People’s Bank of China (PBOC). The 60-year-old’s appointment comes as the country continues to struggle with major economic …
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Pan Gongsheng: Can China’s new central bank boss fix its economy?
Who is the new boss of China’s central bank?
Pan Gongsheng succeeds Yi Gang, who has been governor of the People’s Bank of China since 2018.
China’s Central Bank Governor Comes With Hawkish Record on Risks
China’s newly appointed central bank Governor Pan Gongsheng comes with a strong record of tackling financial risks, from managing the currency to cracking down on the property market.
Explainer: China’s politburo meeting leaves many economic headaches unaddressed
China’s leadership pledged at a key Communist Party meeting this week to support the economy through a “tortuous” post-pandemic recovery, but offered very little detail on specific measures, causing mixed feelings among investors and economists.
China’s Yunhong Group furthers global push on full biodegradation
Yunhong Group, a conglomerate headquartered in Wuxue City, has made a series of achievements in developing fully biodegradable materials based on scientific and technological innovation, continuous practice and exploration, according to Li Yubao, chairman of…
COLUMN-China hugely boosts crude stockpiling on cheap Russian oil: Russell
LAUNCESTON, Australia, July 26 (Reuters) – China boosted its stockpiling of crude oil to the highest level in three years in June, taking advantage of cheap Russian crude to bolster inventories and …
China signals more support for real estate with a ‘big change’ in tone
China has changed its tone on the country’s struggling real estate sector, signaling that more policy support may be on the way.
China’s Qin scrubbed from foreign ministry website after dramatic removal
China offered no explanation for the sacking of foreign minister Qin Gang on Wednesday, while scrubbing mentions of him from a government website.As of Wednesday morning, any reference to the 57-year-old had been removed from…
China Property Woes Causing ‘Downward Spiral,’ BofA Says
Winnie Wu, China equity strategist at BofA Securities, discusses the government’s efforts to support the economy and the property market, and the implications for the stock market. China’s Securities Regulatory Commission said Tuesday the country will…
Chinese developer Country Garden bond halted trading after 20% drop – Shenzhen exchange
Trading of Chinese property developer Country Garden Holding’s Shenzhen-listed bond was halted on Wednesday after a more than 20% drop in price, the Shenzhen stock exchange said in a statement. The …
China policy reform to end losses for city-gas firms on household sales
Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after years of selling piped gas to households at a loss, according to utility officials…
Typhoon Doksuri lashes Philippines, threatens Taiwan and China
At least one person was killed as Typhoon Doksuri lashed the northern Philippines with strong winds and rain on Wednesday, causing rivers to overflow and leaving thousands without power.
Poor man’s pick in India, valued import for China
Often poor are seen plucking round-shaped leaves of charota or tarota by the roadsides. Relished as a leafy delicacy by the underprivileged which is available free, charota may hardly have any worth …
