China’s Currency & Economy (Video)

April 14, 2008

Apr. 14, 2008. 12:11 AM EST

Analysis by Zhou Xiaochuan, People’s Bank of China Governor

Transcript:
hose re the economic tatistics, et out n thursday. e will ave much more ata, ncluding sset investments. his ill be coming up this week. hinese central ank chief says that interest ates re best tools or maintaining stable growth. hey said hat there till room or ending and deposit ates o go forward. ave already decided look nto reform. e are ontinuing ork with lexibility, ealing with the current situation. re also dealing ith the yen appreciation. believe hat his is a kind - this is orrecting he global imbalance. elieve hat we o these things ccording o our own conomic ituation and our own conomic analysis. ome f these are related he anti-inflation policy. cause hina is a ery large untry, e are ighly dependent on the exchange ate for eaching the inflation target. what bout he interest rates? re talking bout he health the ature of he chinese apital market his is of concern. at can we xpect to ee? ill there be i ise n the reserve ratios? here is oom hat they are ing for the interest ates, think many people nderstand this very well. ut in the ecent ime, re needing to bserve e have to bserve he interest rate olicy, nd what is appening in rope ecause verything be working ogether ust also look o the ituation decide hich nstruments nd elp the current tuation ome to a good end. robably the anti-inflation policy ombination oth of these measures. ou are in avor f hich rice increases? hese re ifferent stages. re definitely anting o rely n the pricing mechanism. e was speaking ne f our reporters. here re oncerns bout slide he dollar and olatility, now talk aron an. his has ot een ll hat all the volatile. - all that the olatile - all that olatile re waiting to ee if there is going to e any kind of tervention, e’ re doing this

Written by Mr. O · Filed Under Asia, Banks, China, Currencies, Inflation, World, Yuan | Leave a Comment

Rice prices soar in Asia (Video)

April 9, 2008

Prices have jumped on the back of tight supply and chaotic weather patterns. Prices have jumped on the back of tight supply and chaotic weather patterns.

Written by Mr. O · Filed Under Asia, Inflation, Markets, Videos | Leave a Comment