China

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.

New PBOC adviser says 5% yuan gain okay

It would be acceptable to China for the yuan to appreciate by about 5% a year in the coming two years, a member of the People's Bank of China monetary policy committee, Fan Gang, said in an article published in Monday's 21st Century Business Herald.

Fan Gang to join PBOC committee

China's Cabinet said Friday 11 August it had appointed economist Fan Gang to the People's Bank of China's monetary policy committee, an advisory body to the central bank.

PBOC will increase yuan flexibility

The People's Bank of China said on Thursday 10 August that it would gradually increase the flexibility of the yuan's exchange rate and that market forces would play a fundamental role in determining its value.

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