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China: Rumors of the Central Bank Chief's Defection

 
and so it begins...
User ID: 582881
08/30/2010 01:01 PM
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China: Rumors of the Central Bank Chief's Defection
Rumors have circulated in China that Peopleís Bank of China (PBC) Gov. Zhou Xiaochuan may have left the country. The rumors appear to have started following reports on Aug. 28 which cited Ming Pao, a Hong Kong-based news agency, saying that because of an approximately $430 billion loss on U.S. Treasury bonds, the Chinese government may punish some individuals within the PBC, including Zhou. Although Ming Pao on Aug. 30 published a report on its website indicating that the prior report was fabricated by a mainland news site that had attributed the false information to Ming Pao, rumors of Zhouís defection have spread around China intensively, and Zhouís name has been blocked from Internet search engines in China
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08/30/2010 01:46 PM
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Re: China: Rumors of the Central Bank Chief's Defection
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