People’s Bank

US Crypto Executive Charged With Bribing Chinese Official

Sam Bankman-Fried, the former cryptocurrency executive indicted on charges of fraud in 2022, has now been charged with violating the Foreign Corrupt Business Practices Act for bribing one or more unnamed Chinese officials. An...

China’s Ticking Debt Bomb

From afar China appears to be staying afloat of the massive economic crisis affecting the world.  The Diplomat takes a closer look into the tenuous economic structure keeping China ahead of the rest of the world. China appeared...

China Cites Risk of Deflation, Overcapacity

The AP reports, via Forbes, on the state of the Chinese economy: China is facing deflationary risks due to overcapacity in many industries amid a sharp downturn in demand, the central bank said in a report issued late Monday....

China Cuts Interest Rates; Oil Prices Surge

The People’s Bank of China, the country’s central bank, announced the largest interest rate cut in 11 years today in an effort to get the economy moving again. From the New York Times: The central bank, the People’s...

China Moves to Tighten Credit Amid Fears of Overheating – Jane Padgham

From The Independent Online: China yesterday tightened its grip on credit in an attempt to prevent the torrent of cash generated by its ballooning trade surplus from overheating the economy. In a surprise announcement on the eve of the Chinese new year holidays, the People’s Bank of China ordered lenders to park another half a […]



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