Otherwise, in two or three years' time, once domestic consumption loses steam, there will then be a lot of pressure around issues such as the exchange rate and trade friction.

Zhou Xiaochuan

Consumption Domestic Loses Otherwise Pressure Steam Three Time

Related Quotes

Currently the consumer price index is okay and we also want to boost consumption.

— Zhou Xiaochuan

BoostConsumerConsumption

but the important thing is that it has started to float and over time market forces will play a more and more important role.

— Zhou Xiaochuan

FloatForcesMarket

I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.

— Zhou Xiaochuan

ChinaClearExchange

instead of transferring various risks to the government, as they did under the fixed-exchange regime.

— Zhou Xiaochuan

ExchangeFixedGovernment

China has undertaken several reforms related to the safety net, healthcare reform, pension reform, education reform in the hope to reduce precautionary savings.

— Zhou Xiaochuan

ChinaEducationHealthcare