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...
bit chinese faster
Probably it could be a little bit faster but it is not the way of Chinese reformers to do things.
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.
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.
accept clearly concept currency defined economic
We don't accept the concept of currency manipulation; it is not a clearly defined economic concept.
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.
boost consumer currently okay price
Currently the consumer price index is okay and we also want to boost consumption.
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.
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.
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.
float forces market time
but the important thing is that it has started to float and over time market forces will play a more and more important role.
chinese companies global looking
Chinese companies are now looking more and more at global competition.