The People’s Bank of China has become more communicative under its new governor, Yi Gang. Photo: Reuters
Miao Yanliang
Opinion

Opinion

Miao Yanliang

The People’s Bank of China is quietly reforming, opening up and taking its hands off the yuan

  • The Chinese central bank has become more communicative and adaptable under its new governor, Yi Gang. It is intervening less in the currency market and letting the yuan move towards the stability of a flexible exchange rate

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The People’s Bank of China has become more communicative under its new governor, Yi Gang. Photo: Reuters
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Pedestrians use smartphones outside an Emporio Armani store in Beijing. Soft trade data is a better indicator of China’s economic health than GDP numbers. Photo: Bloomberg
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

The 2 trillion yuan question: will China’s stimulus measures be enough to boost the economy?

  • Beijing is taking extensive measures to stabilise the economy, through the central bank, local governments and an enormous tax-cut package. Already, some indicators seem to be responding to stimulus, which bodes well for global trade

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Pedestrians use smartphones outside an Emporio Armani store in Beijing. Soft trade data is a better indicator of China’s economic health than GDP numbers. Photo: Bloomberg
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