Mar 29, 08:55 AM

China's President Xi Jinping Orders Central Bank to Restart Treasury-Bond Trade Amid Crisis and Quantitative Easing Efforts

China's President Xi Jinping has ordered the country's central bank, the People's Bank of China, to restart treasury-bond trade after a two-decade hiatus. This move comes amid a banking and real estate crisis in China, with speculations of quantitative easing and efforts to lower mortgage rates. The decision is seen as a potential short-term fix until more data is available. Former Bank of Canada governor Mark Carney also met with Xi Jinping to discuss trade between China and North America.

#China #Xi Jinping #Bank of Canada #Mark Carney #North America

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