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...
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.
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.
foreign interest rates
We will have decontrol of interest rates and foreign exchange.
china continue exchange gradual increase means premier rate
What the premier said means that China would continue to increase the flexibility of the RMB exchange rate in a gradual manner.
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.
china clear exchange rate
I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.
domestic exchange issues loses pressure rate three trade
Otherwise, in two or three years' time, once domestic consumption loses steam, there will then be a lot of pressure around issues such as the exchange rate and trade friction.
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.
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.
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.
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.