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  1. PBOC calls for global financial co-operation

    Posted Mar 27th 2009, 12:00am by Martin Zhou

    ... at the Group of 20 summit next Thursday. Central bank governor Zhou Xiaochuan raised some eyebrows on Tuesday by proposing a single global reserve currency to displace the US dollar, followed ... Martin Zhou in Beijing The world's financial supervisors needed to work together to overhaul the international financial system, starting with 'self-criticism', the research ...

  2. Officials blast slack US regulation and greenback's dominance

    Posted Jul 04th 2009, 12:00am by Martin Zhou

    ... Zhou Xiaochuan criticised excessive loan-making and securitisation of toxic underlying assets as a result of loose US regulation. His predecessor, Dai Xianglong, now the manager of China's ... Martin Zhou Chinese officials vented their dissatisfaction with the US-dominated international monetary system again at yesterday's Global Think Tank Summit in Beijing, though most ...

  3. Central banker defends savings glut

    Posted Mar 25th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Beijing Central banker Zhou Xiaochuan yesterday defended the country's savings glut for the second time in six weeks in an apparent pre-emptive counter to possible ... for the savings glut. Repeating comments made in Malaysia at a central bank summit in February, Mr Zhou said in an article on the People's Bank of China website that the mainland's high savings ...

  4. Currency-swap deal in the offing

    Posted Mar 07th 2009, 12:00am by Martin Zhou

    ... Martin Zhou Details of a mechanism that allows settlement of cross-border trade with Hong Kong in yuan would soon be finalised, the mainland's central banker said at the National People's Congress yesterday. Zhou Xiaochuan, governor of the People's Bank of China, also said the 200 billion yuan (HK$227 billion) currency-swap agreement reached last month was ready. ...

  5. Urbanisation is key to economic growth, says central bank chief

    Posted Jul 04th 2009, 12:00am by Martin Zhou

    ... Martin Zhou The mainland will need a massive urbanisation campaign to drive its economic growth in the short term, the central bank chief told the Global Think Tank Summit in Beijing. Zhou Xiaochuan, governor of the People's Bank of China, said the country's large pool of bank savings would have to be spent mainly on building homes and infrastructure, particularly in rural ...

  6. Beijing spells out desire for a bigger say

    Posted Mar 28th 2009, 12:00am by Martin Zhou

    ... to get in return for higher contributions to the fund. On Monday, central bank governor Zhou Xiaochuan proposed using the IMF's Special Drawing Rights (SDRs), a super-sovereign currency ... Woods Lee, Jane Cai and Martin Zhou in Beijing China will make a major push for a bigger say in the international financial regime at the Group of 20 meeting next week in London. ...

  7. Textile, heavy machinery sectors receive bailouts

    Posted Feb 05th 2009, 12:00am by Martin Zhou

    ... Seng Index finishing 2.25 per cent up at 13,063.89 points. People's Bank of China governor Zhou Xiaochuan, one of the country's top economic decision-makers, apparently shared ... Martin Zhou and Jane Cai in Beijing Beijing unveils more industry-specific stimulus measures Beijing yesterday rolled out its third and fourth industry-specific bailout packages in three ...

  8. Another bid to put Shanghai on the map

    Posted Mar 30th 2009, 12:00am by Martin Zhou

    ... convertible yuan but are reluctant to unveil a timetable. Central bank governor Zhou Xiaochuan said in September 2007 that the ground-breaking move would happen when the timing was correct. Without ... Daniel Ren and Martin Zhou As Shanghai girds itself to live up to international financial centre status, economists have thrown cold water on efforts to accelerate progress, minimising ...

  9. China sees fortunes tied to US economy

    Posted Jun 04th 2009, 12:00am by Cary Huang, Martin Zhou

    ... Cary Huang and Martin Zhou in Beijing Beijing's signal this week to top US officials that it would continue buying Treasury bills is a key commitment from a nation that realises its ... in its attempt to pull the US economy out of its deep recession. Mr Wen in March called for the US 'to guarantee the safety of China's assets' while central bank governor Zhou ...

  10. Teachers shine welcome light onto textbook lies

    Posted Nov 07th 2009, 12:00am by Martin Zhou

    ... Martin Zhou Students around the world are taught that Thomas Edison, the 19th-century American scientist and businessman, invented the phonograph, the electric light bulb and the motion ... for an unscrupulous landlord called Zhou Bapi in 1940s Liaoning . Generations of pupils learned that Zhou, who hired the teenage Gao on meagre wages, would stick his head into the chicken coop before dawn ...




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