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Articles on People's Bank of China

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Public banks around the world are working towards the public good during COVID-19. The Canada Infrastructure Bank, however, seems focused on privatizing critical public services instead of ensuring vital infrastructure across the country is built or maintained, like this project to repair the bridge spanning the Halifax harbour in 2017. THE CANADIAN PRESS/Andrew Vaughan

COVID-19 illustrates why Canada needs more — and better — public banks

Canada doesn’t have many public banks. The best known, the Canada Infrastructure Bank, seems intent on privatizing critical public services instead of working towards the public good.
Allowing China’s currency to go up and down with the market is one way to longer-term stabilisation. Reuters/Kim Kyung-Hoon

Three ways China can tackle its currency dilemma

Beijing wants the Renminbi to become an international currency - but is it prepared to do what it takes?
The People’s Bank of China surprised observers by cutting its reserve requirement ratio by 100 basis points to 18.5% on the weekend. EPA/MARK

China’s required reserve ratio cut will nudge Australia along

Most of the new credit released after China’s central bank cut the required reserve ratio will be used to fund new investment in infrastructure and construction – and that’s good news for Australia.
The cut to China’s reserve requirement ratio (RRR) can also be seen as a move against China’s unregulated shadow banking sector. Flickr/Mike Behnken

China’s monetary easing to bolster growth, tackle shadow banking

The 100 basis points cut by the People’s Bank of China is as much as about containing unregulated credit within China as a bolster to slowing growth.
The People’s Bank of China recently cut interest rates to stimulate the economy. But it probably won’t fix the real problem. Reuters

China’s interest rate cut is mixed blessing for the world economy

China’s central bank surprised most observers last month when it announced its first interest rate cut in more than two years. The move is intended to bolster growth in the world’s second-largest economy…

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