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The central bank of the People's Republic of China (PRC)

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Can you please assist me with selecting a major TRADE partner (COUNTRY) for the US and research if they have a CENTRAL BANK in charge of Monetary Policy just as we have the FEDERAL RESERVE in the U.S. Discuss the latest change this central bank made to interest rates in that country and briefly discuss why.

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The central bank's role in monetary policy in People's Republic of China (PRC).

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The People's Republic of China (PRC) is a major trading partner for the United States. Its central bank is called the People's Bank of China (PBOC) and it manages the Chinese economy through open market operations, in the same way that the Federal Reserve manages the economy of the United States. Its governor is approved by the President of the PRC, ...

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