Zhou Xiaochuan
China's Central Bank Chief Says no More Devaluation of Yuan
| Girish Shetti | | Feb 27, 2016 12:05 PM EST |
Speaking at a G20 meeting of Central Bank Governors and Finance Ministers in Shanghai, China's Central Bank Chief Zhou Xiaochuan clarified that China would not stage another devaluation of the Yuan, adding that the Central Bank still has enough room and tools in its monetary policy to cope with potential downslide.
China has seen a triple digit rise in payments by mobile phones, according to an e-commerce report.
| Rhona Arcaya | | Aug 04, 2014 07:46 PM EDT |
The 2014 China Internet Financial Development Report said Chinese mobile phone payments jumped 707 percent year on year in 2013.
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