China’s currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention, Beijing’s central bank chief said on Sunday, signalling there is little likelihood of major movement in the yuan’s value in the near future.Thursday, 29 August, 2013, 4:13am
Central banks in many major economies are independent of their governments. China's is not. There was no better illustration of this stark reality than when Zhou Xiaochuan withdrew from the annual International Monetary Fund and World Bank meetings in Japan this week.12 Oct 2012 - 1:59am
China will “lose out” by not sending its top two finance officials to important global economic meetings in Japan this week, IMF chief Christine Lagarde said on Thursday.29 Aug 2013 - 4:13am
China’s central bank governor will not lead the Chinese delegation at the IMF meeting this week, in what appeared to be a snub to host Japan.29 Aug 2013 - 4:13am
Zhou Xiaochuan has been head of the central bank, the People's Bank of China (PBOC), for almost 10 years but he will turn 65 in January and is due to retire, leaving some very big shoes to fill.1 Oct 2012 - 1:54pm
Beijing will use a combination of monetary tools to tackle inflation and steer the mainland towards a soft landing, People's Bank of China governor Zhou Xiaochuan says.
Zhou's comment came as business activities in the non-manufacturing sector rebounded in March on rising market demand, strengthening the case for the world's second-largest economy escaping a bruising slowdown.4 Apr 2012 - 12:00am
Our editors will be looking ahead today to these developing stories ...
Vice-premier in London for economic talks7 Sep 2011 - 12:00am
Premier Wen Jiabao and central bank governor Zhou Xiaochuan have reiterated Beijing's determination to check inflation - but many analysts say this is unlikey to mean more tightening measures as the balance of risks may have already shifted to growth from inflation.
Inflation rose to a three-year high of 6.4 per cent in June, data showed at the weekend.12 Jul 2011 - 12:00am
Central bank governor Zhou Xiaochuan said the government will continue to enforce a tight monetary policy for 'some time' as consumer inflation is above a pre-set target.17 Apr 2011 - 12:00am
The world's financial supervisors needed to work together to overhaul the international financial system, starting with 'self-criticism', the research arm of the mainland's central bank said yesterday.27 Mar 2009 - 12:00am