China

China's mushrooming forex reserve

This article published by Asia Times Online on Tuesday 19 September says that although massive levels of foreign exchange reserves represent the strength of an economy, it brings more problems than benefits.

China making progress on FX reforms says Zhou

China's foreign exchange reforms have made "significant progress," though the impact will be seen over time, People's Bank of China governor Zhou Xiaochuan told fellow financial leaders on Tuesday 19 September.

IMF members approve voting reform plan

The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.

PBOC's Su says yuan flexibility to increase

China will continue to increase the flexibility of the yuan exchange rate and provide more derivative products to allow companies to hedge their currency risk, a vice-governor of the People's Bank of China said.

Bernanke doesn't rule out hard landing for China

Federal Reserve chairman Ben Bernanke said in a letter released on Friday 8 September that chances of an economic crisis in China were low, but that the chances of a "hard landing" for the economy could not be ruled out.

China must address excess liquidity - Qiu

China must address the issue of excess liquidity that is driving strong credit and fixed asset investment growth in the country, Xinhua News Agency reported, citing Qiu Xiaohua, the head of the National Bureau of Statistics (NBS).

Can the IMF avert a global meltdown?

According to this article by Kenneth Rogoff, published on Thursday 7 September by The Japan Times, it is time for international institutions to step in to avert a global financial crisis.

PBOC official says reforms are a long process

The reform and opening up of the country's financial industry will be a long, tough process but moving too quickly will only bring risks to the economy, a senior official of the People's Bank of China said in a speech.

China raises rates by 0.27%

The People's Bank of China on Friday 18 August announced increases of 0.27 percent for key lending and deposit rates in an attempt to slow investment and prevent the economy from overheating.

Yuan volatility may signal appreciation

According to this article published Wednesday 16 August by Reuters, big swings in the dollar/yuan rate over the past three days suggest China's foreign exchange market is becoming freer and more volatile.

World Bank sees China economy slowing

The World Bank said on Tuesday 15 August that China's economy is likely to slow slightly over the rest of the year and Beijing will probably wait to see the impact of current tightening steps before deciding if more are needed.

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