Zhou Xiaochuan: China will not let the renminbi appreciate quickly

Click to view the latest quotes China is carefully assessing whether to continue to implement stimulus measures to avoid triggering inflation or property bubbles securities Times reporter Jia Gong Zhu Kai The People's Bank of China Governor Zhou Xiaochuan said recently in Washington that there has been a recent sound of emerging market countries in the International Monetary Fund share reform and exchange rate appreciation and other questions Problem, but the fact is that there is no connection between the adjustment of share and the assumption of responsibility.　　' China will not let the renminbi appreciate fast, ' he said. The 22nd annual ministerial Meeting of the International Monetary Fund (IMF) Committee on International Currency and Finance (IMFC) was held in Washington, D.C. Mr. Zhou briefed the meeting on China's recent economic situation. He said that China insists on implementing the package plan and policy measures to deal with the impact of the international financial crisis, and the national economy continues to develop in the direction of macro-control, maintaining a relatively fast growth and stable price, the structural adjustment has begun to bear fruit, the balance of payments has been balanced;　　China's aggressive response to the crisis has effectively curbed the spread of the devastating impact of the crisis and has won space and time for a global economic recovery and structural adjustment. Zhou said that the current world economy is still recovering slowly, the pace of recovery in different regions is not consistent, overall uncertainty is still increasing. The foundations of the recovery in the developed world are still shaky and should continue to accelerate financial restructuring and reform and restore a sound financial system. Emerging market recovery is relatively strong, macroeconomic policy framework is basically sound, but also face rising inflationary pressure, external demand changes, capital flows and other severe challenges, should vigorously stabilize the economy, while continuing to promote structural reform.　　The task of further developing the economy in low-income countries remains urgent and arduous, requiring the international community, especially the developed countries, to continue to increase their support and effectively implement their pledges of assistance. On whether countries should continue to maintain stimulus measures, Mr. Zhou said China is now cautiously assessing whether to continue stimulus measures to avoid inflation or a property bubble after two years of economic stimulus.　　He said China will carefully assess fiscal and monetary policy over the next few months to determine the future direction of the Chinese economy. The renminbi's recent rally against the dollar has not been reduced. Due to the weak overseas dollar trend of the national Day holiday, the renminbi rose 181 basis points to 6.6830 yuan in the last trading session, and the inquiry market was 6.6706 yuan. On that day, both the middle and closing prices both refreshed their highs since June 21 this year. The renminbi has appreciated about 2.29% against the U.S. dollar since the exchange resumed.