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...
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.
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.
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.
demand economic enhance household improve investment several slow strong
Our investment demand has been very strong for several years, so we are now trying, to some extent, to slow down investment and enhance the household consumption demand to improve the economic structure.
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.
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.
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.
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.