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...
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.
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.
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.
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.
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.
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.
boost consumer currently okay price
Currently the consumer price index is okay and we also want to boost consumption.
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.