People’s Bank of China – Page 3

China’s Central Bank Cuts Loan Prime Rates

The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.

‘Zero Covid’ Behind It, China’s Economy Starts to Recover

The economy grew 4.5 percent in the first three months of the year, a pickup from the end of 2022, when the relaxation of pandemic prevention measures led to a wave of illness.

To Rein in China’s Banks, Xi Uses Familiar Playbook

Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.

Xi Jinping Picks Team to Work Under Him for the Next Five Years

As Xi Jinping starts his third term as president, he is pushing sweeping changes to the rest of the country’s leadership to elevate his allies.

The Numbers in the News

DealBook looks at the data points behind some of the biggest stories of the past year, and the themes that will endure in 2023.