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Letter "Z" » Zhou Xiaochuan Quotes
«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.»
Author: Zhou Xiaochuan
«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.»
Author: Zhou Xiaochuan
«We should go further to reform but respect economic stability. Timing is important.»
Author: Zhou Xiaochuan
«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,»
Author: Zhou Xiaochuan
«At the same time, international capital is rather mobile, and China's economic system is still not able to withstand sudden and disorderly adjustments.»
Author: Zhou Xiaochuan
«I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.»
Author: Zhou Xiaochuan
«but the important thing is that it has started to float and over time market forces will play a more and more important role.»
Author: Zhou Xiaochuan
«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.»
Author: Zhou Xiaochuan
«They will constitute the basket of the currencies and be weighted accordingly,»
Author: Zhou Xiaochuan
«instead of transferring various risks to the government, as they did under the fixed-exchange regime.»
Author: Zhou Xiaochuan
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