Archive for the ‘People’s Bank of China’ Category

Report: China wants strong dollar

November 22, 2007

BEIJING – The head of China‘s central bank says Beijing wants a strong dollar, a government news agency said Thursday.

Zhou Xiaochuan, governor of the People’s Bank of China, made the comment to U.S. Treasury Secretary Henry Paulson at a conference in South Africa, the Xinhua News Agency said.

“Zhou said he told Paulson China hopes to see a strong dollar,” Xinhua reported. It said Zhou was responding to Paulson’s prediction of a long-term recovery of the weakening dollar, which fell to another record low against the euro Thursday.

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