china: news and opinion

Zhou’s February Speech Hinted at Call for a Universal Reserve Currency

Zhou Xiaochuan, head of the People's Bank of China, raised eyebrows around the world on Monday with a call for a new reserve currency to replace the dollar as the world standard. It's not the first time Zhou has made such comments. A precedent can be... ...full story at China Journal

from China Journal on Tue, Mar 24 2009

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02 Oct 07		Chinese yuan becomes one of the reserve currencies ... » YouTube videoChinese yuan becomes one of the reserve currencies of Belarus. Until recently Belarus reserves were placed in three currencies - U.S. dollars, euros and Russian rubles. The reason for yuan inclusion in the reserve currency list is a fast growth of the...
24 Mar 09		China Journal Wrap: Universal Currency, A Border Town Under the Gun » China Journal Esperanto for the global economy: The call for a new international reserve currency, articulated by Chinese central bank governor Zhou Xiaochuan, seems as idealistic as the quest to establish a universal language.
30 Mar 09		China Journal Wrap: Reassurances on the Dollar, A Non-Party Ministry Head » China Journal Just a contribution to the old debate: That’s how China’s ambassador the U.K. described central bank governor Zhou Xiaochuan’s recent comments in favor of an international reserve currency to replace the U.S. dollar.
29 Jun 09		China Journal Wrap: Renewed Calls for Global Currency, Warning on Bank Loans » China Journal China once again made its case for the creation of a new international reserve currency that could reduce dependence on the dollar as the world's de facto reserve currency.
25 Mar 09		Bank chief：Reform the international monetary system » People's Daily &$&$By Zhou Xiaochuan&$&$ The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial...
31 Mar 09		Argentina supports China's proposal on new reserve currency » People's Daily Argentina's Central Bank President Martin Redrado said on Monday that his country supports China's proposal on creating an alternative global reserve currency to replace the U.S. dollar. "We have been talking (with China) that we clearly need to...

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