China will continue to advance the development of its central bank digital currency and improve its design and usage, the People’s Bank of China governor Yi Gang said on Tuesday.
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China will advance development of digital yuan, central bank gov says
China will continue to advance the development of its central bank digital currency and improve its design, the People’s Bank of China governor Yi Gang said on Tuesday. China is a front-runner in the …
China Will Advance Development of ECNY, Central Bank Gov Says
China will continue to advance the development of its central bank digital currency and improve its design and usage, the People’s Bank of China governor Yi Gang said on Tuesday. China is a …
China offers cheaper green loans
Green loans are now cheaper in China after the central bank changed its framework. Banks are expected to participate actively. Some see this as an …
China will advance c.bank digital currency, improve its design, governor says
China will continue to advance the development of its central bank digital currency, or eCNY, and improve its design, the People’s Bank of China governor Yi Gang said on Tuesday.
Beijing’s crackdown on property sector, local government debt could cause chaos, economists warn
Beijing’s crackdown on the property sector and local government debt is likely to do more harm than good to provincial economies amid wider concerns about national growth, Chinese economists say. Some …
China Bond Selloff Spreads to High-Grade Tencent, Banks
China’s higher-quality dollar bonds are suffering their worst selloff in about seven months as property woes spill into the broader credit market. Most Read from BloombergWhy Hong Kong Is Building …
China Property Stress Triggers Fed Warning as Bond Losses Spread
Just weeks ago, Wall Street analysts and central bankers were quick to assure investors that a collapse by China Evergrande Group wouldn’t be a Lehman moment. Regulators in Beijing said that the …
China developer Kaisa pleads for help, ‘patience’ as sector’s debt woes mount
Kaisa Group Holdings needs help to pay investors, workers and suppliers, the developer told a meeting of a Chinese government think-tank, banks and property firms, according to a source with direct …
Opinion: China Is in a Unique Position to Finance the Green-Tech Revolution
While the world is looking to new breakthroughs at the Glasgow Climate Summit, China is committed to strengthening its 2030 climate target, peaking emissions before 2030, and achieving net-zero by …
In Depth: China’s Sponge City Failings Show the ‘Arduous’ Task of Adapting to Climate Change
China, a climate-sensitive nation, was among the hardest hit by extreme weather events in the past 20 years, according to the Global Climate Risk Index 2021 published by the environmental think tank …
China’s Oct New Bank Loans Likely Halve From Prior Month – Reuters Poll
New bank lending in China is expected to have plunged in October from the prior month, but the yuan loans are likely to be higher than a year earlier, a Reuters poll showed, as the…
PwC puts its reputation at risk with controversial bet on China
Big Four auditor’s move to double presence in China puts it at the heart of growing tensions between the world’s biggest superpowers …