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 […]
China’s central bank living life in the Trumpian fast lane
PBOC governor Pan Gongsheng dodging and weaving Trump’s trade war like no other central banker in Asia
