China
China surprises with interest rate rise
The People's Bank of China raised its benchmark interest rate on Thursday 27 April in an unexpected move.
Interview with Zhang Zhuoyuan
In an interview published on Wednesday 26 April, Zhang Zhuoyuan of the Chinese Academy of Social Sciences said China may widen the yuan's trading band when "suitable" to allow more gains and boost investors' role in setting exchange rates.
China must develop bond market - PBOC official
China needs to foster more domestic consumption to drive the nation's economy, and also develop its bond market, an official with the People's Bank of China said.
G-7 appeals to IMF to pressure China on yuan
The International Monetary Fund will take up the task of trying to get China to accept a stronger currency, according to this article published on Tuesday 25 April. Whether the IMF is up to shouldering the burden remains to be seen, it says.
IMF given new surveillance powers
The International Monetary Fund has won new powers after its 184 member countries supported a new framework to monitor how the economic policies of one country affect others.
PBOC economist says 2006 GDP at least 9%
China's gross domestic product (GDP) will rise at least nine pct this year and the consumer price index (CPI) is likely to rise more than two pct, the official China Securities Journal reported, citing a central bank economist.
No Nixon moment on China's currency
According to this article published on Friday 21 April, for the second time in less than a year Asia's No. 2 economy outmaneuvered the world's biggest on the yuan.
Comment: Sweden sheds reserve dollars
The Swedish Riksbank dropped a bit of a bombshell on international currency markets on Friday 21 April by announcing a significant reduction in the share of dollars and yen in its foreign reserves portfolio. Although Sweden has a relatively small…
PBOC taking measures to add flexibility
China's central bank is taking measures to increase the flexibility of its exchange rate, an official with the National Bureau of Statistics said on Thursday 20 April.
China short-term gold additions unlikely - GFMS
The People's Bank of China is very unlikely to increase its gold reserves in the short-term but in the medium- to long-term there is "excellent scope" for gold purchases by the central bank, metals consultancy GFMS said on Wednesday12 April.
PBOC proposes new anti-money laundering rules
The People's Bank of China has proposed new anti-money laundering regulations aimed at the banking, insurance and securities sectors.
China dollar reserves pose risk - report
China's foreign exchange reserves are exposed to heavy risks of US dollar fluctuations but there are no other alternatives now that can replace the greenback, a researcher said in an article published in the China Business News.
Interview with ADB's Kuroda
In an interview published on Sunday 9 April, the President of the Asian Development Bank Haruhiko Kuroda said Asian countries, including China, already have ample foreign exchange reserves and there is no need for them to accumulate more.
China's forex reserves bring risks: ADB
A senior official at the Asian Development Bank said on Saturday 8 April that China could be accumulating too much foreign exchange reserves and should manage the associated risks carefully.
Yuan compromise?
According to this article by Lawrence Lindsey, published on Thursday 6 April, President Bush and Chinese President Hu Jintao will have a lot to talk about at their meeting in Washington later this month. The central economic question will be the proper…
PBOC official says China not pursuing reserve rise
China is not deliberately pursuing expansion of its foreign exchange reserves or any particular level of reserves, a vice head of the central bank said in comments published on Wednesday 5 April.
Chinese official calls for cut in debt holding
China should stop buying U.S. Treasuries and take measures to reduce its holdings in those bonds, a Hong Kong newspaper on Tuesday 4 April quoted a high-ranking Chinese official as saying.
PBOC says not right time to raise rates
China will not raise interest rates at this time, a central bank official said, according to a report from the Xinhua news agency on Monday 3 April.
Euro disaster a salutary lesson in what not to do
According to this recent article, the idea of a single currency area for countries like China, Japan, and Korea has certain obvious appeal. However, it is a big stretch to assume that a single currency union is either the best way for them to reap those…
China currency reserves top Japan's - report
China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.
China should tap reserves to buy gold
A Bank of China official was quoted on Monday 27 March as saying that China should use part of its foreign exchange reserves to buy gold.
China sees large yuan moves as 'unfavourable'
A senior People's Bank of China official said on Saturday 18 March that large movements in the yuan against the dollar are "unfavourable" for the economy.
China's reserves making 'impressive' return
The return on investment from China's forex reserves is "impressive", a former central bank official was quoted as saying in the official Shanghai Securities News.
Rato sees world growth beating IMF forecast
According to the International Monetary Fund's managing director, world economic growth this year will exceed the current forecast of 4.3 percent thanks to a recovery in Europe and Japan.