Bank of China

Bank of China

The Bank of China is one of Hong Kong's biggest banks. It is also one of China's four state-owned commercial banks; the other three are the Industrial and Commercial Bank of China, China Construction

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China’s government needs to take its thumb off the economic scales
China’s economic growth is expected to have slowed to just over 6%, and it is unlikely to accelerate any time soon.  In fact, analysts generally agree that China’s economic performance last year – its worst in nearly 30 years – could be its best for at least the next decade. What observers cannot seem to agree on is how worried China should be, or what policymakers can do to improve growth prospects. Optimists point out that, given the size of China’s economy today, even a 6% growth in gross domestic product translates into larger gains than double-digit growth 25 years ago. That may be true, pessimists note, but slowing GDP growth hampers per capita income growth – bad news for a country a
China is launching its own digital currency. No, it’s nothing like Bitcoin
The Chinese government wants to build its own digital currency, but it is unlikely to experience the investment frenzy that launched Bitcoin into the mainstream. The central bank official in charge of the project said the new currency, developed under a project known as the Digital Currency Electronic Payment, would not be open to speculation like other cryptocurrencies, disappointing would-be speculators. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, on Saturday said it would be “a digital form of the yuan,” China’s official currency. There would be no speculation on its value and it would not need the backing of a basket of currencies, according t