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...
boost consumer currently okay price
Currently the consumer price index is okay and we also want to boost consumption.
case depend impact overall
It will depend on how big an impact the case has on the bank's overall strength.
basket constitute
They will constitute the basket of the currencies and be weighted accordingly,
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.
bit chinese faster
Probably it could be a little bit faster but it is not the way of Chinese reformers to do things.
assume china data economists effective exchange failed fixing key rate recorded tests trade using
Some US economists assume that the exchange rate is the key to fixing the trade imbalance However, such assumptions failed in statistical tests by using the trade data and the real effective exchange rate recorded in China over the years.
I don't want to say which ones I think are important or feasible.
banks china commercial four reform
The listing of the four big state-owned commercial banks is up to them. The reform on the Agriculture Bank of China is also underway and will not be rushed.
amount assets concerned dollar exchange foreign people reserves
The foreign exchange reserves are still growing. Some people are concerned that the amount of U.S. dollar assets in the reserves will fall. But that's not the case.
amount basket biggest depend euro foreign japan korea main naturally partners south trade trading
The currencies in the basket depend on the amount of foreign trade we conduct. The U.S., euro zone, Japan and South Korea are our biggest trading partners now. Hence, their currencies are naturally the main ones in the basket.
conditions economy exist factors float free global unstable
The conditions for a free float do not exist at present. The global economy is not balanced, there are still many unstable factors and there will be a lot of adjustments in future,
cannot change conditions exchange interfere kinds noises normal rate reform various
These kinds of noises cannot change the various fundamental conditions and sequencing of China's exchange rate reform. They only interfere with the normal reform process.