Head of PBOC says China’s reserve growth not desirable

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In a rare interview Zhou Xiaochuan rules out a faster rise in renminbi

Head of PBOC says China’s reserve growth not desirable

Issue: 1050 - 17 April 2008

Zhou Xiaochuan, China’s central bank governor, has said the rate of growth in China’s foreign exchange reserves is unsustainable, but the country cannot significantly change its policy because of uncertainties in the global economy. ..

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