A flexible exchange rate will help to improve the international balance of payments, but large-scale fluctuations will harm the stable development of the economy.
More Quotes from Wu Xiaoling:
They should understand that China is doing its best. China's economic restructuring needs a process.Wu Xiaoling
Excessive trade surplus must be corrected through a restructuring of the economy.
Wu Xiaoling
Making interest rates and the foreign exchange rate market-oriented to reflect supplydemand changes in the market has always been a goal that we have pursued.
Wu Xiaoling
They ought to understand China is making the greatest effort.
Wu Xiaoling
After the end of 2006, when China fully opens its yuan business to foreign investors, this (investment) limit will only be meaningful for tax collection purposes.
Wu Xiaoling
Real estate financing is making up a bigger and bigger share of the country's financial sector . The health of real estate financing is of critical importance to the health of the financial sector. We must pay close attention to developments in both the real estate industry and home financing sectors.
Wu Xiaoling
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