China's Monetary Policy

For those who are interested in these things, the Far Eastern Economic Review has an article that delves into China's monetary policy—Get Ready for China's Greenspan.

Zhou Xiaochuan, governor of China's central bank, is an influential figure. But he is not as important as Alan Greenspan. His successors will be though. Global financial markets will hang on their words—once they've been translated. This is because monetary policy will soon work as effectively in China as it does in the United States, and that will give the people who influence rates enormous power.