Tag: Pan Gongsheng
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China Eyes Trilateral Currency Swap With Japan and South Korea
China is talking with Japan and South Korea about a trilateral currency swap, a person familiar with the matter said. The aim is to build a stronger regional financial backstop as U.S. tariff actions raise trade costs. According to ...
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China Floats Ideas for “Multipolar” Currency System to Balance U.S. Dollar
China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.
An Iranian man shouts anti-U.S. and anti-Israeli slogans while standing in front of a portrait of Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, the son of the late Leader Ayatollah Ali Khamenei, during a rally to pledge allegiance to Mojtaba Khamenei amid the U.S.-Israeli military campaign in Tehran, Iran, on March 9, 2026. (Photo by Morteza Nikoubazl/NurPhoto) (Photo by Morteza Nikoubazl / NurPhoto / NurPhoto via AFP)
By Amanda Chen One week into the war triggered by the American-Israeli joint offensive on Iran launched on Saturday, February 28, Tehran’s retaliation has already expanded from targeting U.S. military assets to striking Gulf energy and civilian infrastructure. On March 7, Iranian President Masoud Pezeshkian publicly apologized to ...
China Eyes Trilateral Currency Swap With Japan and South Korea
China is talking with Japan and South Korea about a trilateral currency swap, a person familiar with the matter said. The aim is to build a stronger regional financial backstop as U.S. tariff actions raise trade costs. According to ...
China Floats Ideas for “Multipolar” Currency System to Balance U.S. Dollar
China announced several new initiatives aimed at increasing global trade in the yuan and to hedge against the dominance of the U.S. dollar. Pan Gongsheng, the governor of the People’s Bank of China, proposed a future where the global financial system would rely on several currencies.