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Zhou Xiaochuan Declared Steady Price &Nbsp And Prevented Big Fluctuations In The Economy.

2011/9/26 8:55:00 22

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Zhou Expressed His Great Price Fluctuation

International Monetary Fund (IMF) (International Monetary Fund) (International Monetary Fund) (micro-blog)

Finance

The twenty-fourth Ministerial Conference of the committee was held in Washington, D.C. in September 24th.

The conference focused on the development of global economic and financial markets.

policy

Challenges, IMF reform and so on.

Zhou Xiaochuan, governor of the people's Bank of China and vice president of Yi Gang attended the meeting.

On the whole world

Economics

Zhou Xiaochuan pointed out that since the last meeting, the recovery of the world economy has obviously weakened, and the risk of downward economic operation has increased. It is urgent to strengthen global cooperation.

The major developed countries should introduce clear and credible medium-term adjustment strategy as soon as possible to boost market confidence and resist trade protectionism.

Emerging markets and developing countries should continue to adjust their structures and increase the sustainability of economic growth.

The fund should seize the major contradictions facing the global economy and provide feasible policy recommendations for the parties concerned to safeguard global economic and financial stability.

Analyzing China's economic situation, Zhou Xiaochuan pointed out that since the beginning of this year, China's economy has maintained steady and rapid development. It will continue to change orderly from the excessive growth of the previous policy stimulus to its own growth, and the trade balance will tend to improve. It is estimated that the ratio of the current account surplus to GDP will decrease further.

At present and in the coming period, China's economic growth momentum is still strong, but in the short term, it is also facing the challenge of rising prices and capital inflows.

In the future, the Chinese government will further grasp the direction, intensity and rhythm of macroeconomic policies, deal with the relationship between maintaining the steady and rapid economic development, adjusting the economic structure and managing inflation expectations, maintaining the general stability of the general price level, and preventing large fluctuations in the economy.

Talking about IMF reform, Zhou Xiaochuan stressed that with the spread and deepening of the global financial crisis, the international community has placed more expectations on the role of the IMF.

The fund should start from finding the root causes of the crisis and readjust its supervision framework and key points of supervision.

At the same time, IMF should continue to improve its share and governance structure, promote the entry into force of the 2010 share reform package as soon as possible, and ensure the source of long-term funds to meet the needs of member states in coping with the crisis.

In addition, the IMF should continue to study the inherent defects of the international monetary system, promote the diversification of the international reserve currency system, and improve it in the direction of stable currency, orderly supply and controllable volume.