Bloomberg (Free subscription) | 11/20/2009
Nov. 19 (Bloomberg) -- China is passive on the value of the U.S. dollar as the level doesn’t affect the nation’s economy, central bank Governor Zhou Xiaochuan said, rebuffing criticism that the government is devaluing the yuan.
People Daily (Free subscription) | yesterday
China's central bank governor, Zhou Xiaochuan, has cautioned that low interest rates, especially deposit rates, would remove pressures that force financial institutions to finance the real economy. "China needs to maintain a certain gap between deposit and lending rates so that banks can profit from providing financing to the economy," Zhou said on Friday at the Business...
People Daily (Free subscription) | 11/20/2009
Low interest rates, especially the deposit rate, would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said Friday. He told the 2009 Business Week CEO Forum in Beijing that low interest rates would reduce pressure on financial institutions, removing incentives to actively provide financial...
Law Blog - WSJ.com (Free subscription) | 11/20/2009
PBOC Chief Zhou Xiaochuan said China is making progress on stimulating domestic demand and the central bank was closely following housing demand, which is robust.
2point6billion.com (Free subscription) | 11/20/2009
... new asset bubbles in global economies and markets is rising. The governor of China’s central bank, Zhou Xiaochuan, said that the country must remain vigilant against excessive production capacity Bloomberg reported. The MSCI Asia Pacific Index has climbed 66 percent since March amid signs the global economy is recovering from its worst slowdown since World War II. The measure is valued...
Indian Express (Free subscription) | 11/18/2009
... currencies including the euro and yen, has declined 8% this year. China’s central bank governor Zhou Xiaochuan has advocated a greater use of SDRs and called for a “super- sovereign reserve currency.” India has also called for a replacement for the dollar as the main reserve currency after the financial crisis sparked by the collapse of the US mortgage market led to the worst global...
