Sunday, April 11, 2021
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Tag: Xu Zhong

Open Clash between PBOC and MOF over Chinese Fiscal Policy Continues

The head of the Chinese central bank's research department has launched further criticism of China's fiscal policies after triggering a rare round of open...

Senior Policy Figures Argue over China’s Fiscal Stimulus

Some of the most influential figures in China's economics policy sphere are engaging in public argument over the proper extent and nature of ongoing...

PBOC Says China’s Fiscal System Reason Behind Its Leverage Woes

The head of research for the Chinese central bank has imputed China's leverage-related risk to problems with the country's fiscal and taxation system, and...

PBOC Outlines Changes to Regulatory System After Banking and Insurance Merger

Xu Zhong (徐忠), the head of the People's Bank of China's research department, has outlined key changes to the country's financial regulatory system that...

Let Local Governments Go Bankrupt Like Detroit in 2013: Chinese Central Bank

One of the Chinese central bank's senior-most officials has called for Beijing to completely abolish its control of local government bond issuance, and allow...

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Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...