Zhou Xiaochuan

This tag is associated with 3 posts

Chinese Authorities: Stock Market Bubble Has “Burst”, Economy To Face Tough Conditions Over Next Decade

Posted by EM_Equity ⋅ September 7, 2015 ⋅ 2 Comments

China’s stock market bubble has “burst” and its economy is likely to face “tough conditions” over the next decade, Chinese authorities were reported to say during the Group of 20 nations (G20) meeting in the Turkish capital of Ankara over the weekend, the Nikkei Asian Review reports. Zhou Xiaochuan, the Governor of China’s Central Bank, the People’s Bank … Continue reading →

As China-Led AIIB Gains Traction, Premier Li Asks IMF For Yuan Inclusion In SDR Basket

Posted by EM_Equity ⋅ March 24, 2015 ⋅ 4 Comments

Chinese Premier Li Keqiang asked the International Monetary Fund’s (IMF) Managing Director Christine Lagarde on Monday to include China’s yuan in its Special Drawing Rights (SDR) basket, China’s state-run Xinhua news agency reports. According to the report, Premier Li told Lagarde that China would “speed up the basic convertibility of yuan on the capital account and provide more facility for domestic … Continue reading →

De-Dollarization: Chinese Yuan “Clearly Belongs” In SDR Basket, Lagarde Says

Posted by EM_Equity ⋅ March 22, 2015 ⋅ 5 Comments

International Monetary Fund (IMF) Managing Director Christine Lagarde said on Sunday that the Chinese yuan “clearly belongs” in the Special Drawing Rights (SDR) basket and that the IMF would work with China to that end, Bloomberg reports. “Timing is something that we will be discussing amongst ourselves but I think we welcome this introduction,” Lagarde said. … Continue reading →