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China is poised to launch its most serious economic reform drive since the 1990s after a series of top appointments at the weekend put the architects of Zhu Rongji's clash with state owned enterprises in charge of key economic agencies.Vice Premier Ma Kai, Finance Minister Lou Jiwei and central bank governor Zhou Xiaochuan were all Zhu lieutenants at the State Commission for Restructuring the Economy, which drew up the blueprint to sever the army's ties with business and make millions jobless as state-owned enterprises (SOEs) were reformed.They headline a clutch of officials in Premier Li Keqiang's new line-up, who are broadly considered pro-business economic reformers able to finish the work started by arch-reformer Zhu when he was premier in a way that meets the different economic conditions of today."China is about to bring on the structural reforms that will ultimately reduce the old SOEs to ashes," Paul Markowski, President of New York-based MES Advisers and a long-time adviser to...
The high ratio of money supply to gross domestic product in China means risks are excessively concentrated in the banking sector, according to a top official.This de...
China will likely appoint savvy international dealmakers to run its giant sovereign wealth fund and Commerce Ministry in a soft power push to soothe fears over a pla...
Chinese policy makers sent signals that Beijing is preparing to tighten monetary policy, as inflation risks rise along with a recovering economy.At the annual meetin...
China will press ahead with reforms to allow more flexibility in the yuan's exchange rate and the remaining barriers to creating a cross-border currency trading zone...
Bank of China Chairman Xiao Gang said Tuesday he would support People's Bank of China chief Zhou Xiaochuan staying on as head of the central bank.Mr. Xiao, who had b...
China's readiness to bend retirement rules to keep arch-reformer Zhou Xiaochuan at the helm of the central bank signals clearly that new Communist Party chiefs want ...
Rather than switching out the country's widely respected central banker, China's leaders are poised to keep Zhou Xiaochuan in his job for an extended period beyond t...
China will stick to a prudent monetary policy next year and keep consumer prices stable, its outgoing central bank governor, Zhou Xiaochuan, said on Monday, in fresh...
Long-time China watchers probably felt a sense of deja vu when HSBC's chief China economist, Qu Hongbin, predicted last month that the yuan would be convertible with...
Growth in China's factory output and retail sales jumped to eight-month highs in November as consumer inflation bounced off 33-month lows in the latest sign that its...
China's annual consumer inflation rebounded from 33-month lows to 2 percent in November, dimming the chance for more monetary policy easing as its economy recovers.S...
China has approved an estimated 160 billion yuan (US$25.5 billion) worth of investment for the construction of subways and railways in four cities so far this month,...
China will speed up reforms to open up its capital account now that People's Bank of China Governor Zhou Xiaochuan has been reappointed, a senior central bank offici...
Zhou Xiaochuan's grey hair identifies the Chinese central bank chief as someone willing to do things a bit differently to the ranks of bureaucrats with dyed-black ha...
China has eased strict cross-border currency rules for 13 multi-national firms including Samsung <005930.KS> and Shell in a scheme that further cranks open its tight...
0234 GMT [Dow Jones] The HSI is down 0.8% at 22,381.97, as investors fret over China switching to a tightening bias after PBOC governor Zhou Xiaochuan signaled eleva...
0159 GMT [Dow Jones] China shares are up early, led by a rebound in property developers after the Shenzhen government denied local media reports that it has imposed ...
0051 GMT [Dow Jones] The HSI may stabilize after falling 2.3% in the past two sessions, but it will again be A-shares' performance that will dictate Hong Kong stocks...
Intense lobbying by central government agencies and debt-laden local governments is keeping People's Bank of China hawks in check after inflation jumped to a 10-mont...
