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Letter "Z" » Zhou Xiaochuan Quotes
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«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.»
Author: Zhou Xiaochuan
«What the premier said means that China would continue to increase the flexibility of the RMB exchange rate in a gradual manner.»
Author: 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.»
Author: Zhou Xiaochuan
«Global trade, settlements and reserve assets are heavily reliant on a single currency. The fund should give priority to establishing a surveillance and check-balance mechanism of the major reserve currency countries.»
Author: Zhou Xiaochuan
«We cannot ignore the risk of disorderly adjustments in financial markets.»
Author: Zhou Xiaochuan
«We don't worry too much what other people say.»
Author: Zhou Xiaochuan
«I don't want to say which ones I think are important or feasible.»
Author: Zhou Xiaochuan
«We don't accept the concept of currency manipulation; it is not a clearly defined economic concept.»
Author: Zhou Xiaochuan
«We know the U.S. has pressures -- employment issues and elections and the credibility of the government. For China, we could also say that the current state is not only good for China but also for the rest of the world and also good for the U.S. because we are using our foreign exchange reserves to buy U.S. Treasury bonds and subsidize U.S. consumers.»
Author: Zhou Xiaochuan
«Probably it could be a little bit faster but it is not the way of Chinese reformers to do things.»
Author: Zhou Xiaochuan
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