At the same time, international capital is rather mobile, and China's economic system is still not able to withstand sudden and disorderly adjustments.
More Quotes from 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
instead of transferring various risks to the government, as they did under the fixed-exchange regime.
Zhou Xiaochuan
We need to look at domestic and international needs.
Zhou Xiaochuan
It will depend on how big an impact the case has on the bank's overall strength.
Zhou Xiaochuan
The listing of the four big state-owned commercial banks is up to them. The reform on the Agriculture Bank of China is also underway and will not be rushed.
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
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