Tag: People's Bank of China
Posted in China News
China has $3 trillion of ‘hidden’ currency reserves, Setser says
BEIJING: China is sitting on a $6 trillion pile of money, half of which is “hidden,” and that presents a new kind of risk to…
Posted in China News
China’s yuan hits 6-month low after policy rate cut, more downside seen
SHANGHAI: The yuan fell to its lowest level against the dollar in six months on Thursday, after China’s central bank cut a key policy rate…