InfoAnda - China's Wen says key currency countries need watching

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Always connected lifestyle on display at CES | 7 January 2011
Sands to fight ban on Macau ferry service | 26 February 2009
How CNN's new boss plans to revive ratings | 27 September 2010

Study marks spooky step towards quantum computers | 20 January 2011

Forum Views () Forum Replies ()

Read more with google mobile : China's Wen says key currency countries need watching | International |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters China's Wen says key currency countries need watching Sat Apr 18, 2009 2:37am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Kirby Chien and Eadie Chen BOAO, China (Reuters) - China's Premier Wen Jiabao said on Saturday that economic polices of countries which issue global reserve currencies require closer supervision as part of building a diversified international monetary system. His comments, an apparent reference to U.S. economic management that Beijing has blamed in part for the global financial crisis, were twinned with a pledge to promote more international use of the yuan, China's currency. Wen did not mention the United States by name but he has expressed concern in recent months about the safety of Chinese investments in U.S. dollar assets. "We should strengthen the supervision of the economic policies of the main reserve currency economies and push forward the establishment of a diversified international monetary system," he said in his opening address to the Boao Forum for Asia, held annually in the southern Chinese province of Hainan. It was the second time this month that China has made such an appeal, following President Hu Jintao's call at the London G20 summit earlier this month for the International Monetary Fund to strengthen its oversight of reserve currency-issuing economies. Wen said China would look at expanding its currency swap agreements that are seen as a step toward eventually making the yuan more of a global reserve asset. "We should give full play to bilateral currency swap agreements and will study expanding currency swaps in scale and to more countries," he said. China's central bank has signed six swap deals since mid-December, totaling 650 billion yuan ($95 billion), with countries from Argentina to Indonesia. The yuan's international potential is sharply constrained by its limited convertibility, an issue that Wen did not broach in his speech. China caused a stir in March when it floated the idea of reducing reliance on the U.S. dollar as the world's primary unit of foreign exchange by developing the Special Drawing Rights issued by the IMF. But at the London G20 forum, China did not call for immediate discussion of the subject. STRONG CHINA Wen highlighted China's relative strength in the face of the global financial crisis and told the audience of Asian government and business leaders that Beijing stood ready to support other countries through the difficult times. "A series of economic stimulus measures adopted by China have shown initial results and there have been positive changes in economic performance, which has been better than expected," he said. His wording was nearly identical to that at a State Council, or cabinet, meeting this week after China said its economy grew at 6.1 percent in the first quarter from a year earlier. While that was the weakest quarter in year-on-year terms since records began in 1992, analysts said it represented a rebound in quarter-on-quarter growth. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: UPDATE 2-China's Wen: key currency countries need watching Also On Reuters Slideshow Slideshow: Welcome to the $1.5 billion Yankee Stadium Blog: Pay-to-play funds scandal: Time for a change Video Video: Audiences, studios give 3-D films new respect More International News Arab peace plan as part of Palestinian state push: U.S. | Video More aid needed for struggling Pakistan: Holbrooke China plans $10 bln ASEAN infrastructure fund North Korea seeks rare talks with South on factory park U.S. ends Zimbabwe travel warning, sanctions stay More International News... Related News China's economy hit bottom in first quarter: Party adviser 2:37am EDT Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Citi trade profitable but now tough to execute Playboy names University of Miami top U.S. party school UPDATE 1-US regulators close American Sterling Bank Great Basin Bank closed by U.S. regulators Wall St Week Ahead: Earnings deluge may swamp rally GM readies plans for bankruptcy it hopes to avoid GM readies all-equity offer for debt: sources Ashton Kutcher vs. CNN leaves Oprah atwitter Book tells of female U.S. soldiers raped by comrades Yahoo and Microsoft approach endgame on search Most Popular Articles RSS Feed Video Susan Boyle: Unlikely pop star Obama and Chavez shake hands Obama arrives at Americas summit Thaw in U.S.-Cuba relations? 3-D films gain new respect Recession hits German prostitutes Tree in lung mystery Scar-free surgery for obesity West Bank protests turn deadly Showbiz Week: Spector guilty Most Popular Videos RSS Feed The Great Debate World Affairs: Arabia's knowledge gap Bernd Debusmann Education is a tempting target for budget cutters in times of financial distress, but in the Arab world an education drive without parallel is taking place. Commentary Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 18 April 2009
Arab peace plan as part of Palestinian state push: U.S. | International |
U.S. ends Zimbabwe travel warning, sanctions stay | International |
G8 farm ministers plot world food strategy | International |
Text for U.N. racism meeting approved | International |
Intel, Google results don't light investors' fires | Technology |
Videogames sales rebound seen despite setback | Technology |
Heidi Klum pregnant with fourth child | Entertainment |
Actors union and Hollywood producers reach deal | Entertainment |
Accused Tyra Banks stalker on trial in New York | Entertainment |
Playboy names University of Miami top U.S. party school | Entertainment |
Race car driver Castroneves acquitted in tax trial | Entertainment |
More aid needed for struggling Pakistan: Holbrooke | International |
China's Wen says key currency countries need watching | International |
China plans $10 bln ASEAN infrastructure fund | International |
Red Cross hostage in Philippines walks free | International |
Eurozone interest rates won't go to zero: ECB chief
North Korea seeks rare talks with South on factory park | International |
Britain's MI5 seeking real 'Q'
China coal mine warehouse blast kills at least 18 | International |
Ailing Citigroup returns to profit after heavy losses
Accused Colombia FARC rebels extradited to U.S. | International |
GM needs $5 bln more government aid 'soon'
Bolivia aims to untangle plot to kill Morales | International |
Citigroup posts $1.6 bln net profit
Court finds The Pirate Bay founders guilty
Obama shields CIA officers over US 'torture'
Germany starts bid to nationalise Hypo Real Estate
US environment agency deems CO2 a health risk
New pollution limits seen for cars, big plants
U.S. cybersecurity review done, heads to Obama soon | Technology |
Sony Ericsson says Android phone to take time
Beyonce announces U.S. tour dates | Entertainment |
Drew Barrymore terrified of Grey Gardens role | Entertainment |
Ashton Kutcher vs. CNN leaves Oprah atwitter | Entertainment |
Yusuf Islam's past, present in harmony on new album | Entertainment |
Director Kevin Smith to play Carnegie Hall | Entertainment |
China's premier says economy better than expected
Vietnam reduces taxes to push up demand: govt
Tori Amos explores rules of attraction on Sin | Entertainment |
Pakistani c.bank buys 56.2 bln rupees of T-bills
China sets up 10 bln dlr fund for SE Asia: Wen
Director Kevin Smith to play Carnegie Hall
Vietnam announces stimulus plan to help farmers
Actors union relents in tentative studio deal
China hauls US to WTO over poultry
Producers, actors in 'tentative' labor deal
China looks to farmers to boost economy
Actors union and Hollywood producers reach deal
Taiwan's economy to contract 3.59% in 2009: think tank
New rules, market for Vietnam unlisted firms: officials
Sony Ericsson to cut 2,000 jobs after losses
Congress weighs far-reaching global warming bill
Iran sentences US reporter to 8 years in jail
Obama to convene cabinet to cut gov't spending
Wanted: Computer hackers ... to help government
Top CIA officials enforced waterboarding policy
CIA interrogators inflated suspect's importance
US environment agency deems CO2 a health risk
Obama and US critic Chavez shake hands at summit
Obama names first US chief technology officer
US military deaths in Afghanistan region at 606
U.S. cybersecurity review done, heads to Obama soon
US videogame sales slump in March
US military deaths in Iraq war at 4,274
Stockholm court jails The Pirate Bay founders for a year
US military ponders options to combat piracy
Intel, Google results don't light investors' fires
Videogames sales rebound seen despite setback
Oprah makes Twitter debut with SHOUT out to fans
Private equity firms win battle for bankrupt Polaroid
Extremist websites offer intelligence 'gold mine': experts
Germany bids to block child porn sites
Toshiba to raise $5 bln: reports
Searchers seek bodies after Indonesia plane crash
US envoy leads Indonesia's Earth Day celebration
Indonesia detains Afghans trying to reach Australia
Small plane carrying 9 crashes in Indonesia
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01