but the important thing is that it has started to float and over time market forces will play a more and more important role.
More Quotes from Zhou Xiaochuan:
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.Zhou Xiaochuan
We reckon China may need two to three years to achieve a basic balance in international trade.
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.
Zhou Xiaochuan
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.
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.
Zhou Xiaochuan
It will depend on how big an impact the case has on the bank's overall strength.
Zhou Xiaochuan
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