PBoC looks to modernize

China’s central bank is different from the central banks of other major economies, not least because it lacks independence and answers directly to the Party leadership. But as China’s economy and financial system have grown…
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March wrap-up: High-level policy developments

Consumption is now a major driver of China’s economy and if GDP growth is to fully recover, getting consumption – both government and household spending – back to pre-COVID-19 levels will be crucial. The measures taken so far…
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Financial support for the economy

The PBoC is treading a fine line between adding enough liquidity into the financial system to ensure demand is met and money-market interest rates do not spike, and preventing another …
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