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.
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 constitute
They will constitute the basket of the currencies and be weighted accordingly,
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.
case depend impact overall
It will depend on how big an impact the case has on the bank's overall strength.
attention bow change countries global issue pay pressure
We will not bow to pressure from other countries to change our policies, but we will still pay attention to every issue in the global economy.
accept clearly concept currency defined economic
We don't accept the concept of currency manipulation; it is not a clearly defined economic concept.
cannot financial ignore risk
We cannot ignore the risk of disorderly adjustments in financial markets.
people worry
We don't worry too much what other people say.
economic further reform respect timing
We should go further to reform but respect economic stability. Timing is important.
balance financial market opening sector security
We should find a balance between opening the market and (national) security issues; not every financial sector is sensitive.
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.
abroad banks commercial far state
As far as I know, the big State commercial banks have always been considering listing abroad and at home.
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.