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International Monetary Fund and World Bank Spring Meetings in Washington

Zhou Xiaochuan, Governor of the People's Bank of China, arrives for the International Monetary Fund (IMF) financial committee meeting during the IMF/World Bank spring meetings in Washington on April 25, 2009. (UPI Photo/Alexis C. Glenn)

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Bank official in China sounds optimistic

BEIJING, April 23 (UPI) -- Yi Gang, vice governor of the People's Bank of China, said the Chinese economy would pick up steam in the second quarter.

China denies manipulating currency

BEIJING, Jan. 24 (UPI) -- China's central bank has denied allegations it engages in currency manipulation, officials said.

China foreign exchange reserves at $1.9T

BEIJING, Oct. 15 (UPI) -- China's foreign exchange holdings through September of this year totaled nearly $2 trillion, up a phenomenal 33 percent from the same period of last year.

China central bank cuts interest rate

BEIJING, Oct. 9 (UPI) -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks.

China's central bank strapped, sources say

BEIJING, Sept. 5 (UPI) -- The People's Bank of China is seeking to raise capital to shore up the $3.2 billion it has on hand, sources close to the central bank said.

China's foreign exchange reserves soar

BEIJING, July 14 (UPI) -- China's foreign exchange reserves at the end of June totaled $1.81 trillion, up 35.73 percent from June of last year, the central bank reported Monday.

China raises reserve requirement ratio

BEIJING, June 9 (UPI) -- China's central bank, battling inflation and excess liquidity, has again raised the reserve requirement ratio to bring it to a record 17.5 percent by June 21.

China's central bank firm on economy

BEIJING, June 4 (UPI) -- China's central bank, expressing confidence in the U.S. economy's resilience, dismissed as "exaggeration" warnings of a sharp decline in Chinese exports.

China deposit reserve requirement upped

BEIJING, March 19 (UPI) -- China's central bank, faced with a double-digit inflation rate, raised commercial banks' deposit reserve requirement by 0.5 percent to a record 15.5 percent.

China's central bank raises rates 6th time

BEIJING, Dec. 20 (UPI) -- China's central bank boosted its benchmark lending rate by 0.18 percent Thursday, its sixth rate increase this year.

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