Zhou Xiaochuan
Zhou Xiaochuan
Zhou Xiaochuanis a Chinese economist, banker, reformist and bureaucrat. As governor of the People's Bank of China since December 2002, he has been in charge of the monetary policy of the People's Republic of China. He was reappointed to the same position in March 2013, making him the longest-serving central bank chief since the establishment of the People's Republic of China...
domestic exchange issues loses pressure rate three trade
Otherwise, in two or three years' time, once domestic consumption loses steam, there will then be a lot of pressure around issues such as the exchange rate and trade friction.
demand economic enhance household improve investment several slow strong
Our investment demand has been very strong for several years, so we are now trying, to some extent, to slow down investment and enhance the household consumption demand to improve the economic structure.
autonomy comply exchange financial fund granted objective promoting respect stability systems
Fund surveillance should comply with the objective of promoting exchange and financial stability and respect the autonomy as to exchange-rate systems that is granted to all members.
assets currency fund global major mechanism priority reserve single
Global trade, settlements and reserve assets are heavily reliant on a single currency. The fund should give priority to establishing a surveillance and check-balance mechanism of the major reserve currency countries.
china continue exchange gradual increase means premier rate
What the premier said means that China would continue to increase the flexibility of the RMB exchange rate in a gradual manner.
economic exchange financial july market meet needs rate reforms regime role social
The reforms of the exchange rate regime made in July meet the needs of China's economic and social development and play a significant role in maintaining macroeconomic and financial market stability.
achieve balance basic china reckon three
We reckon China may need two to three years to achieve a basic balance in international trade.
bonds buy china current elections employment exchange foreign good issues pressures reserves rest state subsidize treasury using
We know the U.S. has pressures -- employment issues and elections and the credibility of the government. For China, we could also say that the current state is not only good for China but also for the rest of the world and also good for the U.S. because we are using our foreign exchange reserves to buy U.S. Treasury bonds and subsidize U.S. consumers.
basket currency dollar less reference share
The share of the US dollar in the currency basket that's used as a reference is much less than 50 percent.
capital economic rather sudden system
At the same time, international capital is rather mobile, and China's economic system is still not able to withstand sudden and disorderly adjustments.
chinese companies company corporate economy global learn looking market ownership planned public tried
In the 1980s, Chinese companies tried to get out of the traditional, centrally planned economy and become market players. In the 1990s, many Chinese companies tried to restructure their company structure, to have ownership diversification, to go public domestically or internationally, and then to learn to set up new corporate governance. And after that, I think Chinese companies are looking more and more to the global competition.
instead risks various
instead of transferring various risks to the government, as they did under the fixed-exchange regime.
advantages create developed enjoying export goods imported improve industrial job quickly
In particular, the developed countries, while enjoying low-cost imported goods and services, have to restructure their industrial sectors quickly to create job opportunities and export advantages to improve their competitiveness and dampen protectionism.
abroad banks commercial far state
As far as I know, the big State commercial banks have always been considering listing abroad and at home.