Tags » People's Bank Of China

China's economy on brink collapse due to high borrowing: Chinese bank chief

Zhou Xiaochuan, the governor of China’s central bank – the People’s Bank of China (PBOC), has warned that China’s financial system is becoming more vulnerable due to high levels of leverage, or borrowing. 155 more words

China’s central bank boss warns of ‘sudden, contagious and hazardous’ financial risks

China’s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the world’s second-largest economy. 607 more words

News

Achieving the China Dream or Facing a Minsky Moment: China after the 19th Party Congress

Written by Hui Feng.

While the 19th party congress confirmed President Xi Jinping’s grip of power at the top echelon of the political system, the newly minted leadership team faces difficult decisions on both the finance and economic fronts. 719 more words

Xi Jinping

US Government Agency Declare Bitcoin Try To Dismiss Chinese Economy Money

In its 2017 National Drug Threat Assessment, which was discharged for this present month, the Drug Enforcement Administration (DEA) expresses that bitcoin has been utilized for the motivations behind “bypassing China’s capital controls.” 344 more words

Cryptocurrency

16 Oct 2017 (AFR) - Chinese central bank governor Zhou Xiaochuan says strong growth may continue into the second half of 2017

(16 October 2017, AFR, p9, by Yinan Zhao and Ye Xie)

‘Economic indicators show “stabilised and stronger growth” and the momentum of a 6.9 per cent expansion in the first six months of 2017 “may continue in the second half,” People’s Bank of China (PBOC) Governor Zhou Xiaochuan said on Saturday.’ 15 more words

1.Market Observations

China Is Striving to Contain Its Once-Diving, Now-Thriving Yuan

The currency’s recent surge has prompted Beijing to shift course after two-year effort to keep it from weakening too quickly

By Lingling Wei
The Wall Street Jounal… 1,309 more words

China to Shut Bitcoin Exchanges

Authorities to ban commercial trading of all virtual currencies

By Chao Deng
The Wall Street Journal

Updated Sept. 10, 2017 11:39 p.m. ET

BEIJING—Chinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland four years ago. 407 more words