China expands cross-border RMB use

China's cross-border receipts and payments settled in renminbi totaled 42 trillion yuan in 2022, an increase of 3.4 times compared to 2017, and accounted for nearly half of the country's total cross-border receipts and payments, according to a press conference Friday.

March 6, 2023

China's consumer demand expected to get boost from precautionary savings

Financial experts anticipate that the pent-up demand for consumption in China will be further unleashed as household savings in the country reached a new high last year.

March 9, 2023

China's monetary policy supports high-quality growth

China's prudent monetary policy has provided a favorable financial environment for high-quality development, Yi Gang, governor of the People's Bank of China (PBOC), said Friday.

March 6, 2023

China leverages monetary policies to secure sound development

China's central bank will implement the country's prudent monetary policy in a targeted and effective way to create a suitable monetary and financial environment for the country's high-quality economic development.

March 6, 2023