Tag: #yuan

Articles related to yuan

economy

China Pledges Over 1 Trillion Yuan in Cheap Credit, Cuts Rates on Targeted Lending Tools

PBOC cuts rates on structural lending tools and expands quotas, adding a 1 trillion yuan line for private firms while holding benchmark policy rates steady.

#china, #pboc, #interestrates, #credit, #yuan

economy

China Considers Yuan-Backed Stablecoins to Boost Currency Globalization

China plans yuan-backed stablecoins to enhance its currency's global adoption, shifting from its previous crypto ban.

#china, #stablecoins, #digitalcurrency, #yuan, #cryptocurrency