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More - Yu Yongding Quotes

Because China's fiscal situation in relatively sound, the government has relatively great leeway to use expansionary fiscal policy. - Yu Yongding Quotes

Because China's fiscal situation in relatively sound, the government has relatively great leeway to use expansionary fiscal policy.

Because China's fiscal situation in relatively sound, the government has relatively great leeway to use expansionary fiscal policy. - Yu Yongding Quotes

Because China's fiscal situation in relatively sound, the government has relatively great leeway to use expansionary fiscal policy.

The central bank could scrap the way it automatically determines the closing rate of the yuan and determine it on its own. - Yu Yongding Quotes

The central bank could scrap the way it automatically determines the closing rate of the yuan and determine it on its own.

It's not affordable for China to continue to absorb such a huge increase in foreign exchange reserves, - Yu Yongding Quotes

It's not affordable for China to continue to absorb such a huge increase in foreign exchange reserves,

In the future, we will allow market forces to play a bigger role in setting the exchange rate, but we can never rule out market interventions. - Yu Yongding Quotes

In the future, we will allow market forces to play a bigger role in setting the exchange rate, but we can never rule out market interventions.

This kind of practice is not very conducive to China's long-term growth. - Yu Yongding Quotes

This kind of practice is not very conducive to China's long-term growth.

More seriously, China's economy would take a big hit if the US dollar weakened sharply due to such factors as a bursting of the US property bubble. The loss for China's foreign exchange reserves would be extremely serious. - Yu Yongding Quotes

More seriously, China's economy would take a big hit if the US dollar weakened sharply due to such factors as a bursting of the US property bubble. The loss for China's foreign exchange reserves would be extremely serious.

Personally, I think there will be several further changes. - Yu Yongding Quotes

Personally, I think there will be several further changes.

more flexible as well as more transparent. - Yu Yongding Quotes

more flexible as well as more transparent.

Even if the yuan ultimately needs to appreciate by 10 percent or more, it doesn't mean we need to do it all at once. - Yu Yongding Quotes

Even if the yuan ultimately needs to appreciate by 10 percent or more, it doesn't mean we need to do it all at once.

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