Tag

Central Bank

yuan dollar

Trade without the dollar: Where Beijing's dream stumbles

China continues to push ahead with the internationalization of its national currency. The US tariff policy plays into the country's hands. Beijing now stands to gain a significant victory in the geopolitical rivalry with the Americans.

By Marcel Grzanna

Bildnummer: 52797527  Datum: 27.11.2008  Copyright: imago/Xinhua
Peoples Bank of China (PBoC) - Zentralbank in Peking PUBLICATIONxNOTxINxCHN , Gebäude, außen, Außenansicht; 2008, , Peking, China  People s; , quer, Kbdig, Totale, Banken, Wirtschaft,  ,  , Asien, Unternehmenssitz

Bildnummer 52797527 Date 27 11 2008 Copyright Imago XINHUA Peoples Bank of China PBOC Central Bank in Beijing PUBLICATIONxNOTxINxCHN Building exterior exterior view 2008 Beijing China Celebrities S horizontal Kbdig long shot Banks Economy Asia Corporate Office

Central bank wants to fortify the economy

The Chinese central bank aims to give a stronger boost to domestic demand. In its report on the implementation of monetary policy in the third quarter on Monday, it announced: "Prudent monetary policy will be forceful and precise."

By Redaktion Table