The people’s bank of China zhou xiaochuan, 8, said China will in Washington to let the yuan rise more quickly. Inflation is unclear, the medium term, to observe no sufficient evidence that has been used to complete the quantitative tool control inflation expectations goal.

In an economic debate asked whether the U.S. and Europe will be due to pressure and appreciation, zhou xiaochuan said, China is not to let the yuan rise more quickly. RMB appreciation will step-by-step, China’s currency reform will be according to their own pace.

In the international monetary fund (IMF) and the world bank annual meeting of the press conference, zhou xiaochuan said, the exchange rate movements will in the long term, that RMB fluctuation range enough or reform is one-sided view of stagnation. In this crisis, some of the country’s first depreciated after the revaluation. Yuan is in long-term remain, steady appreciation of the emerging markets.

Zhou xiaochuan, some countries that putting pressure on China to revalue the renminbi, and have their reasons behind. For example, the national economic recovery, employment problem solved well, people and congressional pressure, so the rate of other countries accuse voice is some more. But the RMB appreciation for solving these problems are not sure of the effect. Along with the economic recovery, employment, some “noise” also will subside. He urged, policymakers should “quiet” consider economic fundamental problems.

Zhou xiaochuan said that inflation is the central bank’s monetary policy, the main goal is to protect different economic entity of purchasing means necessary. Policy tool selection is a complex problem, whether the price or quantity of tool use tools, in central bank will choose full consideration of international and domestic situations. Successful application in economic stimulus package, domestic inflation pressure increase, but was not only the attention to short-term, medium-term changes, also want to observe, should say some situation is not very clear. Currently, it is not enough evidence, including the use of quantitative tools have reserve ratio and open market operation to complete absorption liquidity control inflation expectations of the target. Central Banks will continue to dynamic tracking economic statistics, adjust the policy tool to attention, can control inflation in China, also want to consider the role of global recovery, including their own smoothly and quickly, sustainable growth and balance.

Zhou xiaochuan also introduced in two years, to economic stimulus achievements have been made in China are cautious, continue to evaluate whether stimulus, lest cause inflation or a real estate bubble.

Zhou xiaochuan, the population of China as a country, economic growth depends on domestic demand. From a global perspective, China’s export of GDP is very outstanding. This also means that surplus changes, the impact of economic growth may not be imagined.

Zhou xiaochuan said, have recently in the emerging market countries voice IMF share reform and the exchange rate appreciation and other problems. From financial crises to now two years or so, this is not the mainstream voice. The IMF’s share reform is to make the organization has more representatives of the world, and more confident, that the world economy is more healthy, and not necessarily linked with responsibility.

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