China rejects Greenspan's forex warning

China dismissed warnings by Fed chief Alan Greenspan that it faces serious economic consequences if it continues to mount up massive US dollar holdings as it defends the dollar pegged yuan system.

"We've seen the report," said an official at the People's Bank of China's press office, refusing to specifically address Greenspan's comments.

"We will maintain our consistent monetary policy which is a unified, managed floating exchange rate regime (based on supply and demand of foreign exchange in t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: