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But economists say that the real adjustments will come more by way of real exchange rate adjustments and price hikes, which effectively to an appreciation by proxy. On Wednesday, China's vice-foreign minister Zhang Zhijun said China would "increase the...
Tags: People's Bank of China, exchange rate, RMB, Wang Tao, real exchange, China, Hong Kong, Foreign exchange market, Business Finance, Macroeconomics, International economics, Monetary policy, Currencies of China, Currency, Renminbi
His cubicle is one of 18 on the fifth floor of a run-down concrete building in the Mongkok area of Kowloon. Little wooden ladders lead up to the lattice fronts of the upper cubicles...Mr Chan shares a tiny kitchen and a single, stained toilet pan with...
Tags: Hong Kong Island, People's Bank of China, Mainland China, China, Hong Kong, Bank of China, Index of Hong Kong-related articles, Economy of Hong Kong, Business Finance, Pearl River Delta, South China Sea
A T THE start of this year Ding Wei, a former World Bank economist who heads investment banking at China International Capital Corporation, laid out the test for measuring Beijing's management of the post-crisis economy. ''The moment we stabilise the...
Tags: People's Bank of China, China Banking Regulatory Commission, China International Capital Corporation, Soho China, Beijing, China, Chinese financial system, Economy of the People's Republic of China, Hu Jintao, World Bank, Financial crisis of 2007¬タモ2009, Business Finance
Barack Obama, on his first visit to China this week, urged the government to allow its currency to rise...In recent weeks Jean-Claude Trichet, the president of the European Central Bank, and Dominique Strauss-Kahn, the managing director of the International...
Tags: People's Bank of China, Soho China, asset bubble, China, Hong Kong, Economic bubble, Shanghai, Beijing, United States housing bubble, Independent cities, Municipalities of the People's Republic of China, Real estate bubble, Business Finance, Financial crises, Currency, Economy of the People's Republic of China, Renminbi, United States dollar, Inflation, Macroeconomics, Currencies of China, Liu Mingkang, Banking in China, Monetary policy, Bank of China, Business cycle
Two U.S. congressmen Friday called for the establishment of a hotline between U.S. and Chinese central banks and key financial regulators. The United States' monetary policy "should be carefully coordinated with America's largest creditor (China),"...
Tags: House U.S.-China Working Group, People's Bank of China, China Banking Regulatory Commission, Rick Larsen, China, Xinhua, U.S.¬タモChina Strategic and Economic Dialogue, Hotline, Republic of China, Business Finance, Politics, Foreign relations of the People's Republic of China, China ¬タモ United States relations
Wednesday in its quarterly report of monetary policy, for the first time, that the bank would improve the mechanism of the exchange rate determination "based on international capital flows and movements in major currencies", analysts said. The new...
Tags: People's Bank of China, China, Beijing, Shanghai Stock Exchange, Stock market, Chinese financial system, Banking in China, Bank of China, Economy of Shanghai, Stock exchanges in China, Business Finance
U.S. critics of China's currency policy said on Wednesday they were skeptical of a hint from Beijing that it could soon let its yuan rise against the dollar again after an 18-month hiatus. The critics, representing U.S. business and labor groups, also...
Tags: People's Bank of China, Mr Obama, Barack Obama, U.S, Beijing, major currency
The central bank may withdraw some monetary stimulus if inflation rises towards the end of 2009, C. Rangarajan, chairman of the Prime Minister's economic advisory council, said on Wednesday. "If inflation pressures develop, monetary authorities may take...
Tags: People's Bank of China
Beijing is encouraging its companies to invest abroad to diversity an economy driven by exports and investment and to take advantage of sharp declines in asset prices due to the global economic crisis. Outward investment for the July-September quarter...
Tags: China-Africa, People's Bank of China, financial sectors
S foreign reserves, already the world's largest, hit a record high $2.273 trillion by the end of September as surging asset prices and the economic recovery attracted investment. The People's Bank of China said in a report on its website yesterday that...