Latest News and Articles about People’s Bank of China

China’s Central Bank Slams the Brakes on Yuan Decline Amid Dollar Surge: A Bitcoin Wake-Up Call? On July 31, 2025, the People’s Bank of China (PBOC) made a striking move to bolster the yuan, setting a daily reference rate at roughly 7.15 per U.S. dollar. This was a far stronger fix than market watchers expected, […]