China central bank says currency near equilibrium

China central bank says currency near equilibrium

Shanghai : China | Oct 13, 2012 at 11:04 PM PDT
Source: Ledger-Enquirer
Views: Pending
China's central bank governor says the Chinese currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention. In a speech delivered by one of his deputies, Zhou Xiaochuan, governor of the People's Bank of China, said Sunday that the central... FULL ARTICLE AT Ledger-Enquirer
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
  • Credibility
  • Wait... Flag

News Stories

  • Bernanke Defends Fed From Claims It Is Being Selfish

      The New York Times
    Bernanke defended the central bank's monetary policy on Sunday from claims that it was hurting the economies of emerging countries. Mr. Bernanke has often defended Fed actions against domestic critics, who argue the policy of keeping interest rates...
  • IMF reforms: Emerging nations impatient

      Indian Express
    The talks had originally been expected to see the passage of key reforms that would give such nations a greater say at the International Monetary Fund, historically controlled by the US and Europe. But final approval for the changes, which shuffle...
  • IMF meeting heralds shift away from austerity

      GMA News
    The curtains came down Sunday on IMF and World Bank meetings that were dominated by a gathering row over whether austerity or growth should come centre stage as the world economy seeks a reboot. The International Monetary Fundcriticized in the past...
  • Record M2 growth signals economic recovery

      China News
    China's broad measure of money supply (M2) grew at a record speed in September, leading experts to believe that the country's pro-growth policies are working and market liquidity is improving. Saturday that China's M2 rose 14.8 percent in September...
  • China focuses on managing inflation

      China News
    Yi Gang, vice-governor of the People 's Bank of China, made a speech at the last day of the International Monetary Fund and the World Bank annual meeting Sunday here to explain the monetary policy of China. Yi stressed that the most important job for...
  • Slowing forex reserves expansion desirable for China

      China News
    Experts said the slowed growth of China's foreign exchange reserves since the end of last year is conducive to relieving the yuan's appreciation pressure and is thus desirable for China...The September figure grew 2.76 percent over that at the end of...

More From Allvoices

Related People

Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.