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Zhou Xiaochuan

This tag is associated with 4 posts

China heads back to the ’90s in economic reform drive


China is poised to launch its most serious economic reform drive since the 1990s after a series of top appointments at the weekend put the architects of Zhu Rongji‘s clash with state owned enterprises in charge of key economic agencies. Vice Premier Ma Kai, Finance Minister Lou Jiwei and central bank governor Zhou Xiaochuan were … Continue reading

China says economy recovering, bad debt risks dismissed


Reuters reports from Beijing: “Comments by China‘s two top banking officials playing down the risks of bad debt in the banking system provided the latest upbeat signal from Beijing suggesting seven straight quarters of slowing growth have ended. “Markets will be looking for the remarks, from Central bank governor Zhou Xiaochuan and bank regulator Shang … Continue reading

China to send lower ranking officials to IMF Tokyo meet; snub to Japan


China‘s delegation to the annual meetings of the IMF and the World Bank in Tokyo will not be led by its most senior finance officials, a report from state news agency Xinhua said on Tuesday, in what looked like a deliberate snub of Japan. According to Chinese protocol, only the most senior officials usually lead … Continue reading

China central bank: Yuan, interest rate reform to be gradual


China will take a gradual approach to yuan reform and will not be in a hurry to free up deposit rates offered by banks, as it seeks to rebalance its economy and deepen its financial markets. Beijing doesn’t plan a one-off revaluation of the currency and will instead allow market forces to determine the yuan’s … Continue reading

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