Zhou Xiaochuan: China'S Adherence To Gradualism Reform Is A Correct Choice.
China People's Bank of China Governor Zhou Xiaochuan said 20 days that China insisted Gradualism reform It is a correct choice. On the 19 day, the central bank raised the deposit reserve ratio, he said, mainly through the use of appropriate hedging tools to manage excess liquidity and moderate regulation of money and credit.
Zhou Xiao Sichuan
It was held at Renmin University of China in November 20th at the "China economist annual forum and the China Economic Theory Innovation Award (2010) award ceremony".
The Central Bank of China announced on the 19 day that it would raise the RMB reserve ratio for deposit financing institutions, the second time in November and the fifth increase in the reserve requirement rate this year.
After the rise, the reserve ratio of some large financial institutions has reached 18.5% historic highs.
Zhou Xiaochuan and Wu Jinglian, Guo Shuqing and others won the China Economic Theory Innovation Award (2010), and he delivered a keynote speech on China's reform.
He said that China's adherence to gradualism reform is a correct choice.
He also said that although China said gradualism, it was actually quite fast compared with the reform and opening up in many other countries.
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