The State Council, of the fascist People’s Republic of China, issues the Central Bank Law, confining status of the People’s Bank of China that of a central bank only.  Until the now been both a central and a commercial bank.  The PBC holds no internal debt instruments as collateral for its currency; instead the Yuan/Renminbi is a “fiat” (Latin for “let it become”) currency backed by nothing other than the PBC’s commitment not to depreciate it (inflation) by making excessive new issues.  As a result China is unencumbered by debt to the World Bank, International Monetary Fund, or the International (world central) Bank of Settlements.

       [restored 3/23/2023]