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...
chinese companies global looking
Chinese companies are now looking more and more at global competition.
boost consumer currently okay price
Currently the consumer price index is okay and we also want to boost consumption.
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.
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,
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.
advantages create developed enjoying export goods imported improve industrial job quickly
In particular, the developed countries, while enjoying low-cost imported goods and services, have to restructure their industrial sectors quickly to create job opportunities and export advantages to improve their competitiveness and dampen protectionism.
autonomy comply exchange financial fund granted objective promoting respect stability systems
Fund surveillance should comply with the objective of promoting exchange and financial stability and respect the autonomy as to exchange-rate systems that is granted to all members.
abroad banks commercial far state
As far as I know, the big State commercial banks have always been considering listing abroad and at home.
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.
china education healthcare hope pension reduce reforms related safety several undertaken
China has undertaken several reforms related to the safety net, healthcare reform, pension reform, education reform in the hope to reduce precautionary savings.
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.
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.
domestic
We need to look at domestic and international needs.
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.