Zhang Xuechun
Zhang Xuechun
bank central exchange execute floating provide rate tools
After the exchange rate reform, the central bank will have to provide hedging tools to be able to execute a managed floating exchange rate system.
exchange interest policy rate responsive
After the exchange rate reform, interest rate policy must be more responsive to smoothen exchange rate fluctuations.
attract central favorable foreign government investors less market offer regions wants western
If the government wants to attract foreign investors to go to the central and western regions where the market is less vibrant, it must offer favorable policies.
intention looking policy quite
Looking at the whole year, the policy intention is quite clear.