China central bank

China’s central bank refrains from gold purchases for a 2nd month

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China’s central bank refrains from gold purchases for a 2nd month

China’s central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday. The pause by the People’s Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand … Read more

China central bank boss says no major stimulus to boost economy

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China central bank boss says no major stimulus to boost economy

The head of China’s central bank said on Wednesday that the economy still faced many challenges, but warned authorities would not resort to huge stimulus measures and instead exercise moderation. The country’s recovery from the impact of Covid has slowed in the months since it abruptly lifted tough restrictions in late 2022, with a property … Read more