Zhou Xiaochuan News
EXCERPT: Henry M. Paulson Jr.'s: 'On the Brink'
Read an Excerpt From 'On the Brink: Inside the Race to Stop the Collapse of the Global Financial System,' by Henry M. Paulson Jr.
S&P downgrades U.S. credit rating from AAA
undermine the stability of the international financial system and hinder global recovery," said People ' s Bank of China Governor Zhou Xiaochuan , noting that China will continue diversifying its currency reserves. A Chinese ratings firm
China warns U.S. on managing its debt
bipartisan deal to reduce its deficit and lift its borrowing limit to avoid a default. The comments from People ' s Bank of China Governor Zhou Xiaochuan , posted on the central bank's website, signal China's lingering concern over America's financial
German Finance Minister Says Results of U.S. Stimulus Are 'Horrendous'
following the Fed's announcement. Criticism has also come from China, with the country's central bank head, Zhou Xiaochuan saying that the Fed's move might hurt economies in the rest of the world. "There is a spill over," he said
U.S. Grows More Dependent on China
change. Conversely, it will take China years to disconnect itself from the American consumer market. In the spring, Zhou Xiaochuan , the governor of the Chinese central bank, forcefully argued that the US dollar be replaced as the dominant reserve
Not every nation can export its way to economic recovery
We need to be aware of the difficulties and should not be over-idealistic," central banker Zhou Xiaochuan , head of the People ' s Bank of China , said in a July 3 speech. But reorienting China's producers to serve local consumers rather
China: 'White Knight' or 'Angry Outsider'?
boost the resources of the International Monetary Fund, which oversees the global financial system. Central Bank Governor Zhou Xiaochuan made headlines in capitals around the world with his proposal for a new global reserve currency in international
Geithner Refutes EU President's Claim That U.S. Stimulus Plans Are a 'Way to Hell'
Geithner also stirred up currency markets today when he responded to calls by the head of China's central bank, Zhou Xiaochuan , for a new global reserve currency . Geithner, in remarks at the Council on Foreign Relations in New York, said
China calls for new global currency
crisis shows the "inherent vulnerabilities and systemic risks in the existing international monetary system," Gov . Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global
China Calls For New Global Currency
in finance when leaders of the Group of 20 major economies meet April 2 in London to discuss the global crisis. Gov . Zhou Xiaochuan 's essay did not mention the dollar by name but said the crisis showed the dangers of relying on one nation's
Euro is becoming the it currency
dollar-denominated assets such as U.S. Treasuries, and officials aren't happy about the U.S. currency's decline. Zhou Xiaochuan , head of China's central bank, urged U.S. Treasury Secretary Henry Paulson on Thursday to boost the dollar, according