Trivium Neopol - Econ and Finance | Logo 09 Mar 2022

PBoC brings the RMBenjamins

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So that’s where the money’s coming from!

Well, a good chunk of it, at least.

On Tuesday, the People’s Bank of China (PBoC) said it will hand over RMB 1 trillion in profits it's accumulated over the last few years to the Ministry of Finance (MoF).

Some context: On Saturday, Premier Li Keqia...


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