People's Bank of China Governor Zhou Xiaochuan, commetns reported from the G20 Washington meeting
He spoke earlier in the week, but remarks reported on Saturday (Reuters, via CNBC):
- China's economy has continued to grow within a reasonable range this year
- Says some key China economic indicators have shown signs of improvement
- China will control credit growth as global economy recovery normalizes
- Chinese government is paying close attention to rapid increases in home price in some cities and will take active measures to promote the healthy development of the property market
- Says sees pressures on capital outflow easing and will continue to push forward China's foreign exchange market-based reforms
On Friday, in the midst of the pound smashola we got China FX reserves data for September, which dipped a little, which may have been indicative of the PBOC selling USD for yuan to stabilise the currency heading into its joining the IMF's SDR basket on October 1