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The Spectator

Tag : PBOC

Business

China forex reserves fall in March to $3.34 trillion

thespectator.co.in
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of...
Business

China expands digital yuan network with 12 new banks

thespectator.co.in
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s...
Business

China pledges tech support, trade balance and market reforms

thespectator.co.in
BEIJING: China’s top economic and financial officials pledged expanded support for technology firms, a push toward more balanced trade and deeper capital market reforms during a news conference on the sidelines of the annual National People’s Congress. The...
Business

Chinese Yuan hits record lows against surging US dollar

thespectator.co.in
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial...