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...
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.
chinese companies global looking
Chinese companies are now looking more and more at global competition.
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.
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.
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,
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.
bit chinese faster
Probably it could be a little bit faster but it is not the way of Chinese reformers to do things.
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.