China
Stanley Fischer on the new economic powers
The governor of the Bank of Israel, Stanley Fischer, discusses the political and economic implications of the rise of Asian economies.
Value in money laundering doubles in China
The amount of money involved in money laundering in China has more than doubled in 2005 from RMB4bn ($500m) to RMB10bn ($1.25bn), the central bank said on Thursday 24 August.
Macfarlane says world can cope with oil shocks
The world economy is surprisingly good at absorbing price pressures from rising oil prices, said Ian Macfarlane, the outgoing governor of Australia's central bank.
Living standards and the wealth of nations: successes and failures in real convergence.
Edited by Leszek Balcerowicz and Stanley Fischer. MIT Press, 2006.
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.
PBOC should raise rates again, says economist
A well-known Chinese economist was quoted by Xinhua News as calling for another interest rate hike as the economy pushed ahead at the fastest pace in a decade.
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.
China to use ex rate for economic structure
The People's Bank of China said in its monetary policy report released Wednesday 9 August that it will use the exchange rate to adjust the nation's economic structure.
Paulson to meet with Chinese officials
US Treasury Secretary Henry Paulson expects to meet Chinese economic officials sometime this fall, a Treasury spokesman said on Monday 7 August.
Managing China's forex reserves
This article from The Star Online, published Friday 4 August, looks at the appropriate level for China's increasing foreign exchange reserves which will soon hit the US$1 trillion mark.
PBOC's Wu says yuan appreciation not certain
The economy faces considerable uncertainty so appreciation of the yuan is not inevitable, the Shanghai Securities News quoted a deputy governor of the People's Bank of China as saying.
Li Yang says China shouldn't follow US
China should not follow in the footsteps of the United States by starting a cycle of interest rate rises, former central bank adviser Li Yang said in an article published on Monday 7 August.
Report says yuan rise not guaranteed
A rise in the Chinese currency is not guaranteed, but the exchange rate is increasingly reflective of market forces, central bank vice governor Wu Xiaoling told Xinhua news agency.
Report says PBOC shifts focus to yuan defense
State media reported that the People's Bank of China is to change the way that it sells sterilization bills into the market, indicating a policy shift towards defense of the exchange rate.
Paulson says appreciation would benefit China
U.S. Treasury Secretary Henry Paulson joined Chinese officials on Tuesday 1 August in asking for faster gains to cool economic growth.
China to pursue greater flexibility - report
China is succeeding in slowing the momentum of money and credit growth but cannot afford to drop its guard, the official Xinhua news agency on Wednesday 2 August quoted the central bank as saying.
Comment: What can we expect from Singapore
As the annual meetings of the IMF and the World Bank in Singapore approach, expectations are high for reform, particularly within the Fund. Top of the agenda will be how to make sense of the new multilateral surveillance role outlined at the spring…
St Louis Fed's Poole on Chinese growth
In the speech 'Chinese growth: A source of U.S. export opportunities' given on 31 July William Poole of the Federal Reserve Bank of St. Louis said the growth of the Chinese economy will provide U.S. firms with important export opportunities and U.S…
PBOC's Yi says China needs 'determination' on yuan
A senior People's Bank of China official has called for 'determination' on the part of the country to achieve its objective of making the yuan fully convertible.
China official mulls freer hand for central bank
According to this article from the Financial Times, published Friday 28 July, a People's Bank of China official has suggested policy making could be more effective if the central bank had more autonomy.