renminbi

www.forbes.com — Yes, China’s state banks have been modernized, but they are, in crucial respects, little changed from the 1990s. They will be truly reformed only when they manage themselves, and as we saw all too clearly in 2009, central government leaders still make the important decisions. As a result of Beijing’s direct interference in management, the banks are now vulnerable.

www.ft.com — Beijing may adjust its policy of pegging its currency to the dollar provided a visit this month by Chinese President Hu Jintao to Washington goes smoothly, according to a top adviser to China’s central bank.

nstanosheck.blogspot.com — Seriously, anyone who goes to China should know what they are getting in to, but this complaining about making "only" 10 times as much as the average Chinese person, or occasionally having to work a 6-day work week, because you have a week-long vacation strikes me as whiny and petty. Am I alone in this opinion?

www.thechinaperspective.com — The central bank has been the main advocate within China for a stronger yuan. But it now finds itself increasingly beholden to the finance ministry, which has tended to oppose a stronger yuan. As the yuan slips in value, China’s exports gain an edge over the goods of other countries.