Pan Gongsheng
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PBOC Currency Policy Guessing Game is Traders’ New AI Experiment
The People's Bank of China (PBOC) headquarters in Beijing, China, on Wednesday, June 18, 2025. PBOC Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come.
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Some economists assumed that the buying power of China’s expanding middle class would ultimately fuel global growth. China has instead become a destabilizing force in the global economy. Chinese President Xi Jinping is running the country as a government-subsidized, export-driven manufacturing juggernaut.