Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t easy. The central bank has various tools at its disposal - some are more transparent, ...
The issuance is set to be the biggest issuance of its kind on record since the PBoC started bill auctions in the city in 2018. The onshore renminbi fell to Rmb7.33 against the dollar on Wednesday, its ...
While the US economy wrestles with inflation, China is battling deflation. One power is navigating persistent price pressures, the other struggling to reignite consumer demand ...