Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.
Tag: People’s Bank of China
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China Central Bank Cuts Key Interest Rate on Bank Lending
The action by the People’s Bank of China, the central bank, the latest in a series of steps to try to spur lending, was more modest than expected.
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China and Hong Kong Stocks Slump as Economic Gloom Spreads
A string of worrying data has taken the fizz out of markets.
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Pan Gongsheng Named Head of Chinese Central Bank
Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.
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The U.S.-China Rivalry Is Complicating the World’s Debt Crisis
Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.