Posts

Showing posts with the label China

The week ahead in a few tweets

Image
Donald Tusk @eucopresident  China – National Party Congress (5 March 2016) China will let its fiscal deficit grow by 560 billion yuan to 3% of GDP in 2016 # NPC http:// ow.ly/Z7ZCa   OIL - GCC Equity Market (6 March 2016) GCC Stocks Enter Bull: lots of expectation has been built into the potential meeting at the end of the month http://ow.ly/Z803A #OPEC EU – Turkey Summit (7 March 2016) The political stakes for the German chancellor are rising by the week: human, political and geopolitical challenges @FT EU-Turkey summit: high-stakes and unpleasant choices, says Gideon Rachman http://on.ft.com/1U46Kt5   ECB – Mario Draghi (10 March 2016) Week Ahead Economic Outlook: ECB policy easing anticipated - FT.com http://ow.ly/Z80kd

China capital account opening

Image
Zhou Xiaochuan-  August 19, 2013 China is at a crossroads. The new leadership has so far shown determination to reform and to find solutions to excessive savings. Here are some key facts for 2013.   March 2013 : Zhou Xiaochuan reappointed as the Governernor of the People’s Bank of China (PBoC) China will promote the convertibility of Renminbi under capital accounts step by step, although the yuan's increasing cross-border use will accelerate the process, People's Bank of China (PBOC) governor Zhou Xiaochuan said Wednesday, March 13, 2013. Source:  http://news.xinhuanet.com/english/business/2013-03/13/c_132231456.htm May 2013 : Reshaping the growth model Officials at an executive meeting of the State Council led by Premier Li Keqiang said on Monday May 6, 2013 that China would propose an operational program within the year to make the yuan more convertible in the capital account. The move comes after Li promised in March ...