7 ordspråk av Yi Gang

Yi Gang

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The adjustment in the exchange rate will only have a limited effect in resolving global trade imbalances. The imbalance in the global economy is mostly caused by fundamental factors and this huge imbalance cannot be fully resolved only by adjusting the exchange rate.

The current mechanism is in the right direction. I think in terms of flexibility, (the yuan) is gradually determined more and more by market forces and demand and supply of the market.

This flexible mechanism, this managed floating regime, will allow us to adjust the yuan exchange rate flexibly in the future.

This is providing favorable conditions for China to adjust its exchange-rate policy and macro-economic policies.

The current trading band of 0.3 percent is appropriate, and the recent fluctuation is normal.

Our judgment will depend on changes in the economy.

This is a legitimate concern and that's why the central bank has to urge commercial banks to pay attention to their pace of new lending.

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