China’s central bank has ramped up its gold reserves for the 15th consecutive month, highlighting a bold strategy to diversify assets amid persistent global economic uncertainties, Reuters reports
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China’s digital yuan is set to begin earning interest as early as next year, state broadcaster CCTV announced, marking a groundbreaking shift in the central bank’s approach to its digital currency amid growing economic challenges
China held its benchmark lending rates steady on Wednesday, exactly as markets anticipated. This move highlights Beijing’s cautious approach amid economic uncertainties, aiming to fuel growth while keeping inflation under control
China is gearing up to turbocharge the yuan’s global reach with an exciting new operations centre, unveiled by the People’s Bank of China. This ambitious move aims to boost the currency’s international clout and speed up cross-border transactions like never before
China’s central bank has injected a fresh wave of liquidity to ease worries over a potential cash crunch, underscoring its dedication to maintaining stable credit conditions amid slowing economic growth, reports the Wall Street Journal