IMF reforms give China more power
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Reforms of the IMF's voting and financial structures give China and other emerging economies more influence.
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As the International Monetary Fund   embarks on a second round of reforms to give developing   countries more say in the institution, the World Bank signaled   on Wednesday that it was ready to go the same route.
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China&#39;s central bank said its decision to scrap a cap on lending rates is part of a plan to bring its banks more in line with international standards and give them more freedom to lend.
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Talks on rebalancing voting power in the International Monetary Fund start on Monday with some major emerging economies already complaining that an opening proposal fails to clearly spell out changes needed to give them more say in the institution.
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Chinaâs central bank said it would gradually promote reforms of the yuanâs exchange rate regime and improve its foreign exchange management this year.
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China's premier Thursday called for deepened financial-sector reform to improve the country's investing environment.
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China dramatically stepped up the appreciation of its currency, allowing it to push through an important level against the dollar for the first time.
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New rules come into force giving China more say over how Tibetan monks select their leader, the Dalai Lama.
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Huang Ju, a Politburo member who rose out of Shanghaiâs political elite to become one of the most powerful leaders in China, presided over reforms to the countryâs banking system.
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Analysts say ChinaÂs rulers are trying to shake up the leadership and wipe out resistance to their policy agenda.
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China announced Thursday it will raise interest rates for most deposits and loans by more than a quarter point - the first rise in nine years - in a move to cool down the torrid Chinese economy.
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China has released new rules governing the domestic distribution of news content by international media organisations, further beefing up state control of the press.
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China came under pressure on Saturday   to let its currency rise faster to ease imbalances in trade and   capital flows that pose one of the biggest risks to global   growth.
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CHINA has raised its interest rates for the first time in nine years to curb inflation and stop its fast-growing economy overheating.
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WASHINGTON, Sep 2 (IPS) - Europe and Russia have squared off over who will  head the International Monetary Fund (IMF) as developing  countries urge reforms so they can compete in future.
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WASHINGTON : The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades - five percent - before losing steam in 2005 in the face of higher oil prices, the IMF said on Wednesday.
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China faced diplomatic pressure from   rich countries on Saturday to let its currency rise faster to   ease imbalances in trade and capital that pose one of the   biggest risks to the health of the global economy.