From Reuters (link) China’s currency reforms have been “agonizingly slow,” but the United States should not blame others for its own problems, Deputy Secretary of State Robert Zoellick said on Monday. “China seems to be saying the right things. … The head of the People’s Bank talks about this in a way that would suggest […]
Read MoreFrom the Washington Post (link) Two days before departing for a visit to the United States, President Hu Jintao declared Sunday that China and Taiwan should resume long-severed official discussions as soon as possible to maintain peace across the Taiwan Strait. Hu’s statement came in a televised meeting with Lien Chan, the former leader of […]
Read MoreFrom AFX via Forbes.com (link) China will soon resume approvals for mainland initial public offerings (IPOs), ending an almost one-year suspension, the China Securities Regulatory Commission (CSRC) said in a statement. On its website the CSRC announced a draft of new rules covering the reform of mainland stock markets. It did not say when the […]
Read MoreFrom Reuters via the Washington Post (link) China will push reforms to make the yuan more responsive to market forces as part of efforts to rebalance the economy, the head of the State Administration of Foreign Exchange said in remarks published on Monday. China’s swelling balance of payments surplus in recent years had made it […]
Read MoreFrom the Financial Times (link) Beijing should further liberalise restrictions on overseas investors buying sizeable stakes in state-owned enterprises (SOEs), according to the Organisation for Economic Co-operation and Development. Ken Davies, a senior OECD economist leading an effort to lobby China’s government to clarify its complex inward investment rules, argued that a more transparent, market-based […]
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