China
China surprises with second reserve requirement hike
People’s Bank of China ups its reserve requirement ratio by 0.5 percentage points to drain excess liquidity from system
China heads for the exit
People’s Bank of China raises reserve requirement ratio in a move seen as confirming start of policy tightening
Crisis down to global imbalances: Obstfeld, Rogoff
Maurice Obstfeld and Kenneth Rogoff say global imbalances key source of crisis
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
China’s precarious balancing act
Hui Feng argues that monetary accommodation will remain in place for some time
India buys 200 tonnes of IMF gold
The Reserve Bank of India purchases just under half of the IMF’s sale quota for $6.7 billion
China’s consumption key for crisis exit
International Monetary Fund says global recovery needs China and Japan to strengthen domestic consumption
Hong Kong’s future intertwined with renminbi: Yam
In his farewell address, Hong Kong Monetary Authority’s Joseph Yam says the financial centre’s future is linked with liberalisation of the mainland
Fed will fail to land systemic risk role, Zoellick predicts
World Bank’s Robert Zoellick says Fed will not get systemic risk role, moots Treasury. Sees renminbi, euro strengthen reserve status
Geithner optimistic on China boosting demand
US Treasury secretary Tim Geithner says China’s commitments “credible” on boosting domestic demand
Reasons for renminbi undervaluation disputed
Undervaluation of the renminbi is impenetrable as a result of the lack of clarity in academic literature, argues Bank of Finland paper
Macao links China and Portuguese-speaking countries – Teng
Monetary Authority of Macao’s Anselmo Teng says the country is an important economic link between China and Portuguese-speaking countries
PBOC’s Su in Taiwan for bill-financing talks
Su Ning, a deputy governor of the People’s Bank of China (PBOC), visits Taiwan to discuss the development of bill financing markets
Productivity in Chinese provinces
Bank of Finland research goes in search of innovation-driven gains in Chinese provinces
Rethinking decoupling
The decoupling hypothesis has been one of the casualties of the crisis, Martina Horáková argues
Asian finance to grow despite turmoil
Hong Kong Monetary Authority says Asia’s financial systems will expand despite the impact of the global crisis
RBA's Stevens sees closer Sino-Australian links
Reserve Bank of Australia’s Glenn Stevens says Australia should pay close attention to China’s economy as these the countries likely to integrate stronger in the future
China not sheltered from subprime
International Monetary Fund says China’s stock market is affected by the US subprime crisis
Sustainability of China’s export-oriented growth shaky
International Monetary Fund says China will have a tough job maintaining its growth momentum
People’s Bank to “guide” lending
Chinese central bank's nuanced policy reflects desire for growth coupled with stability
Why hot money hounded China
Bank of Japan obtains a picture of the flow of short-term funds into and out of China