zhou xiaochuan

World Bank Forecasts Lowest China Growth in a Decade

The World Bank lowered its growth forecast for China to 7.7 percent on Monday, 0.5 percent below its April estimate, according to the China Daily: The World Bank also lowered China’s growth forecast in 2013 to 8.1 percent,...

CDT Money: Game On

Under a cloud cover of speculation about a potential fiscal stimulus package, China’s central bank announced a 25 basis point cut to lending and deposit rates on Thursday, its first interest rate cut since late 2008 and...

CDT Money: Uneasy Status Quo?

In a week dominated by the political drama surrounding the dismissal of embattled Chongqing party secretary Bo Xilai, speculation continued over possible monetary easing despite mixed messages from officials as they seek to...

PBOC Hints at Near-Term Loosening

A week after Premier Wen Jiabao opened the National People’s Congress by lowering China’s 2012 GDP growth target, and only a couple days after China announced its largest trade deficit in more than a decade,...

Top China Bank Official’s Defection Rumors Quashed

Unsubstantiated rumors that Central Bank Chief Zhou Xiaochuan has left the country have been flying. From the original Stratfor report, which initially reported on the rumor for the English media: Rumors have circulated in China...

China Has Scope to Raise Interest Rates, Zhou Says

From Bloomberg: China’s central bank chief said there’s still room to raise interest rates after six increases last year, as he tries to tame the highest inflation since 1996. “The anti-inflation policy is a...

Zhou Says China to Stick With `Tight’ Monetary Policy

From Bloomberg: China will stick with a “tight” monetary policy as the nation faces increasing pressures of inflation and over-investment amid global market turmoil, said central bank chief Zhou Xiaochuan. China...

China Central Bank Governor to Be Replaced – Richard McGregor

From Financial Times: Zhou Xiaochuan , China’s central bank governor, is expected to be replaced in the wake of this month’s Communist party congress – with his chances of a promotion fading, say Chinese officials and diplomats. Officials, scholars and diplomats familiar with the finance sector gave conflicting accounts of why Mr Zhou’s term at […]

Beijing urged to overhaul welfare system – Richard McGregor

From The Financial Times: China must urgently address the nation’s looming pension and healthcare crises while government has the financial resources to tackle them, says Zhou Xiaochuan, head of the central bank. Mr Zhou, governor of the People’s Bank of China, called for a mix of private health and pension insurance and cash support for […]

China vows to drain cash from financial system-Reuters

From Reuters: China’s central bank vowed on Thursday to step up its efforts to drain cash from the banking system, leaving less money for banks to lend for factories and property as strong data showed investment accelerating again. “We will remove fuel from the fire, so that they do not have the money to lend,” […]

China Has No `Immediate’ Plan to Raise Interest Rates – Bloomberg

From Bloomberg News: People’s Bank of China Governor Zhou Xiaochuan said he has no “immediate” plan to raise borrowing costs and will study the effects of April’s surprise increase before deciding whether to tighten more. “We are still monitoring the results of the last interest rate increase, and there won’t be any further measures immediately,” […]

Banking On Reform In China

From Business Week: People’s Bank of China’s Zhou Xiaochuan is aiming for a floating yuan, real bond and stock markets, and more. Which central banker has the toughest job in 2006? Incoming U.S. Federal Reserve Chairman Ben Bernanke will need to be vigilant about inflation while getting the timing of interest-rate tightening just right. European […]

People’s Daily: Zhou Xiaochuan expounds issues of deepest concern

From People’s Daily: In a recent exclusive interview with People’s Daily, Mr. Zhou Xiaochuan, Governor of China’s central bank, unraveled all pending questions concerning the multifaceted financial life in China’s economy. Zhou first rejected the view that the money supply was too tight. As it takes time to have a policy take effect, he believed […]

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