Stuart Oakley, Managing Director, Asian Currency Trading at Nomura says global central banks are punishing the consumers for being stingy. He also states his reasons for recommending investors to be short U.S. Dollar & long Chinese yuan.» Read More
Stuart Oakley, Managing Director, Asian Currency Trading at Nomura says global central banks are punishing the consumers for being stingy. He also states his reasons for recommending investors to be short U.S. Dollar & long Chinese yuan.
China must stabilize inflation expectations, the head of the People's Bank of China said on Wednesday, vowing to vigilantly manage the risks of rising prices.
China is set to use swelling offshore holdings of its tightly-managed currency worth around 1 trillion yuan ($160 billion) to justify a landmark shift in tactics to relax capital controls.
China's central bank governor, Zhou Xiaochuan, is set to keep his job next month despite reaching the mandatory retirement age of 65, in a bid by Beijing's new leaders.
David Mann, Head Regional Research, Asia, Standard Chartered sees a more positive outlook this year for equities compared with bonds. He says the global liquidity push could result in investors taking more risks.
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.
China's central bank will use various tools to ensure steady credit growth to support the economy while pursuing financial reform in the face of weakness and uncertainty in the global economic outlook, it said in comments published on Friday.
China's exports grew 2.9 percent in November from a year earlier, missing market expectations for a rise of 9 percent and easing from an increase of 11.6 percent recorded in October.