China
Singapore's Tong on riding the Asian tide
In the speech 'Riding the Asian tide' given on 8 November Goh Chok Tong said the rise of China and India will shift the global economic centre of gravity from West to East.
RBA's Stevens on Asia's financial system
In a speech to the 18th Australasian Finance and Banking Conference 2005 given on 14 December Glenn Stevens of the RBA said the development of Asia's financial system had not kept pace with its rapidly accelerating economies.
US Treasury official calls for China FX action
A US Treasury official said on Monday 12 December that China should act on its pledge to make its currency regime more flexible.
Xiaochuan expects less pressure on yuan move
China's central bank governor Zhou Xiaochuan said he expects less pressure for a yuan revaluation next year, as China will move to cut its trade surplus.
China 's FX reserves may reach $1 trln
China's foreign exchange reserves will exceed 1 trillion US dollars eventually, economist and People's Bank of China adviser Yu Yongding said.
G-7 falters in sending stern message to China
Although finance ministers from the Group of Seven industrialised nations were optimistic three months ago that China's new currency regime would help the global economy find its lost balance, they weren't so sure last weekend, this article published…
Deflation looms as China's economy cools off
According to this article published Wednesday 30 November, Chinese officials seem to be pulling off an orderly deflating of their nation's economic bubble. Along with this year's deftly handled 2.1 percent revaluation of the yuan, the feat suggests…
PBOC says China to deepen yuan rate reform
China will deepen yuan exchange rate reforms and further promote the convertibility of the currency in the capital account, the People's Bank of China (PBOC) said in answer to a series of questions published in the China Securities Journal.
G7 calls for further move on yuan flexibility
The G7 nations increased pressure on China to move to a more flexible currency regime on Saturday 3 December and asked the IMF to take a bigger role in offering advice on foreign exchange.
Yuan is still pegged to the dollar
According to this article published Tuesday 29 November, there's a good chance that 2005 will be remembered in the financial markets as the year in which China blinked and made the yuan more flexible. This misconception should be snuffed out fast, it…
Yuan reform takes time
According to this article published on Monday 28 November, it's likely that China will permit further appreciation of its currency. What's certain, it says, is that Beijing won't allow itself to be seen as bowing to pressure.
China says revaluation to slow reserves rise
The rapid build-up in China's foreign exchange reserves should slow following the revaluation this year of the renminbi, the People's Bank of China said on Wednesday 30 November.
Hedge funds bet Asia will boost gold reserves
According to this article published on Tuesday 29 November, hedge funds, after sending the gold price to an 18-year high, are looking to China and other Asian central banks as the next big drivers of the precious metal.
PBOC officials to miss G7 meeting
The People's Bank of China said on Monday 28 November that its governor and vice governors won't be attending the Group of Seven meeting of finance ministers and central bank governors which takes place in London this weekend.
UK's Brown says India, China to attend G7 meeting
China, India, Brazil and South Africa will attend part of the G7 finance ministers meeting this week, British finance minister Gordon Brown said on Monday 28 November.
China could use more yuan flexibility says IMF
The International Monetary Fund urged China to follow up the July reforms to its currency regime on Monday 21 November by allowing market forces to exert more influence on the value of the yuan.
Weber on challenges to the global economy
In the speech 'Challenges to the global economy' given on 18 November Axel Weber of the Deutsche Bundesbank said greater currency flexibility in parts of Asia is essential for resolving global economic imbalances whereas structural reform in Europe would…
China's PBOC to control short-term foreign debt
Zhou Xiaochuan, governor of the People's Bank of China has said China will keep controls on short-term foreign borrowings and limit speculative activity even after it liberalises the capital account.
Weber calls on China to exploit yuan flexibility
European Central Bank Governing Council member Axel Weber said in an interview on Friday 18 November that China should use the extra flexibility that July's currency liberalisation provided.
China to push currency reform
China will continue with market-orientated currency reforms while keeping the exchange rate of the yuan basically stable, said Su Ning, a vice-governor of the People's Bank of China on Thursday 17 November.
Bernanke urges action on China currency
Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.
PBoC unhappy with oil pricing system
China's central bank noted in its quarterly monetary report that the country needed to reform the way oil prices are set.
Interview with PBOC's Tang Xu
In an interview published on Wednesday 2 November, Tang Xu, director-general of the research bureau of the People's Bank of China, said China's economy has already achieved its long-awaited landing even with growth rates around 9 percent.
Further rapid fx reserve rise undesirable - PBOC
A further rapid increase in Chinese foreign exchange reserves is undesirable, an official with the People's Bank of China told Market News.