Bernanke dubs AIIB, renminbi push symbolic

The former Fed chair tells China to focus on domestic reform rather than matters of national prestige such as the internationalisation of the renminbi and the launch of the AIIB.

Bernanke dubs AIIB, renminbi push symbolic
China should work on reforms that promote sustainable economic growth rather than push prestige projects such as the internationalisation of its currency or the Asian Infrastructure Investment Bank, Ben Bernanke said on Tuesday.

Freed only last year from the constraints of cautious central banker-speak, the former chairman of the Federal Reserve did not mince his words as he spoke to a lunchtime gathering in Hong Kong.

“This...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: rmb | aiib | ben bernanke | infrastructure | project finance | china

Print Edition

FinanceAsia Print Edition

EVENTS