China
PBOC chief urges social security reforms
The People's Bank of China's Governor, Zhou Xiaochuan, has called for reformation of the country's social security system in order to reduce savings.
So much forex reserve, is it a blessing?
After recent figures showed China is not far behind Japan, the world's largest holder of foreign exchange reserves, this article published on Thursday 26 January asks: is it a blessing to have such an enormous forex reserve?
Zhou says dollar weighting less than 50%
The weighting of the dollar in China's currency basket used as a reference to value the yuan is "much less than 50 percent," according to the People's Bank of China governor.
China pledges further liberalisation of rates, FX
People's Bank of China governor, Zhou Xiaochuan, pledged on Thursday 26 January to liberalise China's interest rate and foreign exchange policy further as part of wider economic reform but said the moves would be gradual.
PBOC will make better use of yuan band
China intends to use of the yuan's six-month old trading band in a better way, rather than doing another one-off revaluation, a senior Chinese central banker said on Wednesday 25 Janaury.
Foreign reserves: a dilemma of success
According to this article published Friday 20 January, China is caught in a dilemma between relieving the pressure for the yuan's value to rise and tempering the growth of money supply.
Interview with PBOC's Ma Delun
In comments published on Friday 20 January, People's Bank of China Assistant Governor Ma Delun said the market is determining the yuan's exchange rate, rejecting US criticism that the Chinese authorities are keeping the currency artificially weak to help…
Paper says freer yuan would help monetary policy
The People's Bank of China would gain greater control over the country's money supply if it allowed more flexibility for the yuan, a semi-official think-tank said in a report published Monday 23 January.
Is China accumulating too much foreign cash?
According to this article published on Monday 16 January, with China's reserves now approaching the level of Japanese holdings, there are fears that this vast hoard of foreign exchange exposes the country to risks that could undermine future growth.
China's forex reserves rise to $819 bn
China's foreign exchange reserves grew nearly $50 billion in the last quarter of 2005 to reach $819 billion, making it likely China will exceed Japan's reserves by the end of the year.
China's conundrum tops Greenspan's riddle
According to this article published on Friday 13 January, China's ascent will become more apparent than ever this year, establishing the nation's status as a superpower and sending new reverberations through the global economic order.
China: No plan to sell dollar assets, buy oil
China has no plan to sell off its US dollar assets, the head of the People's Bank of China, Zhou Xiaochuan, was quoted as saying in the official Shanghai Securities News.
IMF's Rajan on global current account imbalances
In the speech 'Financial system reform and global current account imbalances' given on 8 January Raghuram Rajan of the IMF said China is reaching important cross-roads and must speed up financial sector reform.
China mulls reserves shift to liquid assets
People's Bank of China officials revealed more on Tuesday 10 January as to how they are likely to manage their foreign-exchange reserves, saying they won't sell off a large amount of existing US dollar holdings but may move some reserves into other…
IMF's Rato calls for 'market value' yuan
International Monetary Fund Managing Director Rodrigo Rato on Sunday 8 January said China should take full advantage of its decision last year to introduce more flexibility to its currency regime.
Are we headed toward one world currency?
This article published on Friday 6 January suggests that we are unlikely to see one world currency in our lifetimes, but that we may see a new currency zone develop in China.
PBOC pledges continued improvement on ex rate
The People's Bank of China disclosed the macro-control goals for its monetary policy in 2006 on Thursday 5 January. China's SAFE also revealed plans "to actively explore ways of investing foreign exchange more efficiently".
China's central bank to issue US$5b in bills
China's central bank will issue up to 40 billion yuan ($4.96 billion) in one-year bills in open market operations on Thursday, down from 45 billion yuan a week earlier, it said on Wednesday 4 January.
How the RMB revaluation will play out in 2006
According to this article, China's RMB will continue the gradual pace of its appreciation in the next 12 months despite the recent flurry of policy manoeuvring to increase forex flexibility.
Size matters and China just got much bigger
According to this article published on Wednesday 21 December, China, an economy few central bankers, economists and pundits thought about three years ago just leapfrogged over the UK, France and Italy to become the world's fourth largest.
China says economic growth no threat
China has repeated its intentions to rise peacefully as a global power, insisting that its new found economy would be beneficial to the world.
PBOC vows to keep stable yuan
China's central bank has released a report saying it will keep the yuan stable at a 'balanced and reasonable level' but that it also sees increasing flexibility in the exchange rate.
China statistician calls yuan reforms 'successful'
China's top statistician Li Deshui said on Tuesday 20 December that China's exchange rate reform is "successful", noting that the policy "should not be changed so frequently."
Adams says China lacks 'consensus' on yuan
The U.S. Treasury's top official for international issues, Tim Adams, said Monday 19 December that China's reticence at allowing a greater role for the market in determining the value of its currency may rest with political leaders who are yet to take a…