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...
euro japanese korean major partners trading united won
China's major trading partners are the United States, the euro land, Japan, Korea, etc., and naturally, U.S. dollar, euro, Japanese yen and Korean won become major currencies of the basket.
china education healthcare hope pension reduce reforms related safety several undertaken
China has undertaken several reforms related to the safety net, healthcare reform, pension reform, education reform in the hope to reduce precautionary savings.
cannot financial ignore risk
We cannot ignore the risk of disorderly adjustments in financial markets.
domestic
We need to look at domestic and international needs.
allow bring demand effect exchange gradually greater market rate supply
We think (we) can allow market supply and demand to gradually bring about a greater effect on the exchange rate float.
foreign interest rates
We will have decontrol of interest rates and foreign exchange.
case depend impact overall
It will depend on how big an impact the case has on the bank's overall strength.
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.
abroad banks commercial far state
As far as I know, the big State commercial banks have always been considering listing abroad and at home.
actual based both floating future home range situation terms
This floating range can be expanded in terms of the future development, but it has to be based on the actual situation both at home and internationally.
china clear exchange rate
I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.
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.