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China sets the stage for easing as PBOC deletes phrases in new report

People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | ReutersBEIJING — China's central bank removed several phrases on policy restraint in a quarterly report, a move economists said may...

China Evergrande default is highly likely, S&P says

The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021.Tyrone Siu | ReutersBEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P...

On COP26, ‘I wouldn’t be too critical of China’: EU’s climate chief

The EU's climate chief told CNBC that he "wouldn't be too critical of China" when it comes to assessing negotiations at the COP26 climate change summit in Glasgow, Scotland.The deal agreed at COP26 sought to build on 2015's Paris Agreement and prevent the...

Ray Dalio’s Bridgewater reportedly raising millions for new China fund

Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019.Thomas Peter | ReutersBEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China's Securities...

China criticizes U.S. democracy while promoting Xi’s growing power

Books by and about Chinese President Xi Jinping fill a display at the Museum of the Communist Party of China in Beijing on November 11, 2021.Noel Celis | AFP | Getty ImagesBEIJING — A top Chinese official issued a rare criticism of the...

Central bank digital currencies are moving slowly — but not in China

China's digital yuan currency is displayed on a mobile phone in Yichang, Hubei province, China, Feb. 22, 2021.Costfoto | Barcroft Media | Getty ImagesDon't expect central banks to issue their own digital currencies anytime soon — that was the message from the Bank...