The Wall Street Journal has published a Caixin interview with former Chinese ambassador to South Africa and current special envoy for African affairs, Zhong Jianhua. Zhong discusses the shifting triangle of...
by Samuel Wade | Aug 7, 2011
Reuters reports the chorus of disapproval at the state of Western nations’ finances from Chinese state media including the People’s Daily and Xinhua: “It must be understood that if the U.S., Europe and other...
by zhou shuren | Aug 3, 2011
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China’s five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted...
by Liu Yong | Jun 14, 2009
From Wall Street Journal: As the U.S. and European Union move toward having central counterparties clear over-the-counter derivative products, China is making similar changes to its foreign-exchange spot market, a move that...
by cschultz | Jun 7, 2009
Russian Finance Minister Alexei Kudrin has announced that the Chinese yuan could become a world reserve currency over the next ten years: “I think the shortest route would be if China liberalised its economy and allowed...
by Japhet Weeks | Jan 26, 2009
Bret Swanson writes in The Wall Street Journal that incoming Treasury Secretary Timothy Geithner, who recently accused China of manipulating its currency, has things backwards: The new consensus is that America failed to react...
by Morgan Figuers | Aug 15, 2007
From the International Herald Tribune: China has scrapped rules requiring domestic companies to convert a portion of foreign earnings into Chinese currency, the government said Tuesday, in a move that could ease pressure on Beijing’s foreign exchange system. Chinese companies will now be allowed to decide on their own how to use money earned abroad, […]
by Morgan Figuers | Jul 24, 2007
U.S. Treasury Secretary Henry Paulson will leave for China on July 30th to meet with President Hu and Vice Premiere Wu Yi to try to resolve the recent China-U.S. currency problems. From the Wall Street Journal: Treasury Secretary
by Morgan Figuers | Jul 11, 2007
From Bloomberg: China’s foreign-exchange reserves, the world’s largest, climbed to a record $1.33 trillion at the end of June, increasing pressure on the government to allow faster yuan gains. “China’s foreign reserves are too big and mopping up the liquidity that fuels inflation and asset bubbles is an administrative headache,” said Simon Derrick, chief currency […]
by Mo Ming | Apr 10, 2006
From Bloomberg (link) The yuan’s decline today may signal China’s intention to thwart speculators betting on a gain before President Hu Jintao visits Washington, said ABN Amro Holding NV. A repetition of yesterday’s gains, which took the yuan to within 0.03 percent of 8 against the dollar, would have breached that level. The central bank, […]
by Xiao Qiang | Jan 29, 2005
From the People’s Daily Online: China said on Saturday it will not rush to reform its exchange rate. Senior officials attending the World Economic Forum said currency reform steps would come eventually but the world would have to wait for China to take them at its own, gradual pace. For over a year now, top […]
by Xiao Qiang | Jan 28, 2005
From The Reuters, via Washington Post: “Uncertainty ahead of a Group of Seven and key emerging nations meeting next week hemmed major currencies in recent ranges on Friday, with speculation over China’s yuan policy taking center stage. The yen fluctuated sharply as comments from Chinese central bank officials stirred talk on whether or not China […]
by Xiao Qiang | Nov 28, 2004
From the Reuters: “Chinese Premier Wen Jiabao signalled the country was in no rush to reform the yuan, and questioned why more hadn’t been done to stop the dollar’s slide, the strongest words yet of concern by Beijing about the weakening U.S. currency. China needed a stable economy and healthy financial system before reforming its […]
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