People’s Bank of China Governor Pan Gongsheng. Image: BBC screengrab

Few central banks, if any, are having a crazier 2025 than the People’s Bank of China. When Governor Pan Gongsheng entered this most chaotic of years, his top priority was supporting economic growth as Beijing worked to address a property crisis that was fueling deflation. As the second half of 2025 unfolds, Pan’s PBOC confronts […]

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