You Searched For "people s bank of china news" and got 20 results
Sort By:
3 mins read
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …
Huileng Tan
2 mins read
India may take 75 years to reach one-quarter of US income per capita, says World Bank report
Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they us…
PTI
2 mins read
China wants to raise its retirement age. People aren't happy.
China's Communist Party says it plans to raise the retirement age due to a growing elderly populati…
Mia Jankowicz
1 min read
China just made it even harder for people in the country to access WhatsApp and Threads
The Chinese government made Apple remove two apps – just as US considers the same thing for TikTok.
Shubhangi Goel
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…
Jennifer Sor
1 min read
Gold is getting so expensive that even China's central bank stopped buying
China's central bank did not add any gold to its reserves in May after 18 straight months of purcha…
Huileng Tan
2 mins read
China faces a reckoning as disillusioned Gen Z and millennial workers refuse to save for retirement: report
The New York Times reported that some young people in China have stopped contributing to pensions o…
Mikhaila Friel
4 mins read
A rare look at the lousy life aboard China's 'Dragon Palace' submarines
Conditions on China's submarines are rough, per a new report. Routine work on PLA Navy subs, deemed…
Michael Peck
4 mins read
X is banned in Brazil and China, but Elon Musk is only in a spat with one. The secret? Tesla.
Elon Musk has been critical of Brazil's decision to ban X on free speech grounds, but has long rema…
Hasan Chowdhury
3 mins read
People in China continue to buy gold even as the currency remains weak!
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…
Huileng Tan
11 mins read
Big banks promised to protect the planet. Now they're doing an about-face.
Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …
Catherine Boudreau
5 mins read
Countries from Russia to China are building payments systems that could threaten the dollar's global dominance
Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid…
Huileng Tan
5 mins read
China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
China is Starbucks' second-biggest market but analysts question how well its format and prices work…
Grace Dean
5 mins read
Hollywood has a big problem with how people are watching TV these days
Viewers are opting for free TV options in a move threatening to upend Hollywood's decades-old busin…
Dan DeFrancesco
2 mins read
Nearly all Chinese banks are refusing to process payments from Russia, report says
Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…
Huileng Tan
2 mins read
To get paid by Russian customers, some Chinese banks are taking documents across borders to get them stamped, reported Reuters
Smaller local Chinese banks are overlooking US sanctions to process payments with Russia because th…
Huileng Tan
2 mins read
Amid market volatility, Sensex and Nifty close flat; Construction, automobile and PSU banks outperform
The stock market closed flat on Tuesday amid volatility. The benchmark index, Sensex, ended 33.48 p…
ANI
7 mins read
Top 10 richest people in Asia in 2024
The wealth scene in Asia is always in the spotlight, with many impressive individuals making it big…
2 mins read
Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says
The US Treasury and State Department recently announced fresh restrictions against 400 people and e…
Huileng Tan
2 mins read
The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
Not just China, but other central banks including Turkey and India are loading up on gold, amid a s…