China
China to introduce intl accounting standards
China will gradually introduce international accounting standard into the state-owned commercial bank sector to encourage ongoing banking reforms, the People's Bank of China said in a statement on its website.
IMF's Rato announces travel plans
IMF Managing Director Rodrigo de Rato announced his intention to travel to China, Pakistan, Saudi Arabia and Belgium from 14-20 October.
China's fin min cautions on yuan moves
Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.
Snow calls on China to make yuan more flexible
U.S. Treasury Secretary John Snow called on China to continue with development of its financial markets on Wednesday 12 October, including a more flexible exchange-rate system.
US gains little by urging IMF to hound China
This recent article looks at comments by Tim Adams of the U.S. Treasury: that had the IMF used its power of "special consultations" with countries more often, it could now use moral suasion on China to make it accept a stronger yuan.
PBOC's Zhou sees need for more financial stability
China can't rely solely on central bank interest rate and exchange rate policies to maintain financial stability, People's Bank of China governor Zhou Xiaochuan wrote in the China Economic Weekly.
US's Snow calls for more yuan flexibility
US Treasury Secretary John Snow said in testimony to the Senate Finance Committee at the Capitol on Thursday 6 October that he would ask China to increase currency flexibility.
PBOC's Zhou sees trade friction ahead
China's central bank chief Zhou Xiaochuan said in an interview that he expects trade friction to worsen this year.
IMF rebuffs US Treasury on China - Bravo!
After years of marginalization and soul-searching, the IMF seems to be finding its voice again, according to this article published on Wednesday 5 October. IMF chief Rodrigo de Rato isn't about to do the US's dirty work, by branding China as a currency…
Wellink warns against protectionism over China
Dutch central bank President and ECB Governing Council member Nout Wellink said Monday 3 September that European countries shouldn't resort to protectionism as a response to increased competition from China.
Report says China's reserves still rising fast
China's foreign exchange reserves continued to rise in August, a newspaper reported on Friday 30 September, suggesting further upward pressure on the yuan.
China allows IFC, ADB to issue debt
China's State Council has given approval for the International Finance Corp and the Asian Development Bank to issue yuan-denominated debt on the mainland, the Ministry of Finance said in a statement on its website.
PBOC chief repeats gradualist approach on yuan
The head of the People's Bank of China has reiterated, through use of an old saying, that the government will take a gradual and careful approach to exchange rate reform.
BOK report sees China dominant economy by 2040
China will become the world's largest economy in terms of GDP by 2040, and India will closely follow its heels, according to a soon to be released report from the Bank of Korea.
Zhou says yuan rate need not reflect trade
China's exchange rate should not reflect its large trade surplus with the United States, People's Bank of China chief Zhou Xiaochuan said in a interview published on Saturday 24 September.
Comment: Chinese gradualism
The invitation of China's finance minister and central bank governor to the G7 meeting in Washington this week would have dispelled any suggestion that "yuan politics" would not be a major talking point. But has anything new actually been said? The…
China's bonding experience gains some speed
This article published on Monday 19 September asks whether China, Asia's No.2 economy, can reach its potential without a bond market. The good news is that efforts to create one are gaining momentum, it says.
Oil set to be main topic for G7 meeting
Japan's finance minister said Friday's G7 meeting of top finance ministers and central bankers would discuss soaring oil prices as the main topic and talks on China's currency reform may be low-keyed for now.
Comment: Persaud on Asian reserve diversification
The real problem with global imbalances is neither Asian manipulation of exchange rates nor an Asian savings "glut" which only American consumption can offset, said Avinash Persaud, presenting the latest CEPR report.
US, China central banks to discuss currency reform
The US has said it hopes to have more discussions this week with China on its currency reforms and ways to reverse the United States' rising trade deficit.
'Watershed' yuan revaluation has made few waves
According to this article Wednesday 21 September marked the two-month anniversary of China announcing it was de-linking its currency from the U.S. dollar. But the Chinese currency has barely budged beyond the initial rise of about 2 per cent, it says.
China to attend G7 Washington talks
China has accepted an invitation to a working lunch on Friday in Washington of finance ministers and central bank governors of the Group of Seven major industrialised countries, Vice-Finance Minister Li Yong said on Tuesday 20 September.
PBOC vows to maintain stable yuan
China's central bank said Monday 19 September it will keep the yuan rate basically stable as it works to improve the exchange rate mechanism introduced at the end of July.
China's forex regime poses fresh puzzle
An article published on Tuesday 13 September says China's new rules for its currency regime could mean the country may be forced to battle the nearly $2 trillion-a-day global forex market to try to control the dollar, euro and yen exchange rates.