Yi Gang
Yi Gang
Yi Gangis the former Director of the State Administration of Foreign Exchange and Deputy Governor of the People's Bank of China...
adjust allow exchange flexible floating rate yuan
This flexible mechanism, this managed floating regime, will allow us to adjust the yuan exchange rate flexibly in the future.
adjusting adjustment cannot caused economy effect exchange factors fully global huge limited mostly rate resolved trade
The adjustment in the exchange rate will only have a limited effect in resolving global trade imbalances. The imbalance in the global economy is mostly caused by fundamental factors and this huge imbalance cannot be fully resolved only by adjusting the exchange rate.
adjust china conditions favorable policy providing
This is providing favorable conditions for China to adjust its exchange-rate policy and macro-economic policies.
band current percent recent trading
The current trading band of 0.3 percent is appropriate, and the recent fluctuation is normal.