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.
More Quotes from Zhou Xiaochuan:
We should find a balance between opening the market and (national) security issues not every financial sector is sensitive.Zhou Xiaochuan
We will have decontrol of interest rates and foreign exchange.
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.
Zhou Xiaochuan
I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.
Zhou Xiaochuan
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.
Zhou Xiaochuan
We reckon China may need two to three years to achieve a basic balance in international trade.
Zhou Xiaochuan
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