China Central Banking Changes, Yuan Rising Faster, Prez Hu to visit U.S. this Month
(Reuters) - Changes in how China manages the massive liquidity in its financial system and the persistent capital inflows chasing faster yuan appreciation may make short-term debt auctions a key indicator of Beijing’s policy intentions.
BEIJING (Reuters) - The yuan is expected to rise between 5 and 6 percent this year against the U.S. dollar, Li Daokui, an adviser to China’s central bank, was quoted as saying in a local newspaper.
(Reuters) - Chinese President Hu Jintao will make a state visit to the United States from January 18 to 21, the Chinese Foreign Ministry said on Friday, confirming the long-planned summit in which North Korea is likely to feature.