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Top News In China Pboc Today - Breaking & Trending Today

China's Economic Woes Mount With the Yuan Plunging to a 16-Year Low

The onshore yuan languishes around 7.32 per dollar, its weakest since 2007, even after the People's Bank of China intervened to curb the slump. ....

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China bets on better policy enforcement to save economy, vowing more help in pipeline

China is trying to boost domestic demand, improve confidence and prevent risks for the remainder of the year, while looking to avoid past stimulus fallout as it intensifies efforts to shore up growth. ....

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China names Pan Gongsheng new central bank governor as twice-a-decade finance conference approaches

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth. ....

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China's yuan tools seen keeping currency flexible, but Beijing downplays West's devaluation concerns

Authorities use down-to-Earth language to ease minds and shore up markets at a time when the economy is sputtering and the yuan has again dropped below the key psychological point of 7.0 against the US dollar. ....

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China sets sights on greater yuan use in Asean, takes pragmatic approach combating US dollar hegemony

The yuan’s internaional use is still dwarfed by the US dollar, but China is seeking to explore currency settlements with neighbouring countries, including the Association of Southeast Asian Nations (Asean). ....

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