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Letter "Y" » Yu Yongding Quotes
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«Personally, I think there will be several further changes.»
Author: Yu Yongding
«The central bank could scrap the way it automatically determines the closing rate of the yuan and determine it on its own.»
Author: Yu Yongding
«more flexible as well as more transparent.»
Author: Yu Yongding
«It's not affordable for China to continue to absorb such a huge increase in foreign exchange reserves,»
Author: Yu Yongding
«This kind of practice is not very conducive to China's long-term growth.»
Author: Yu Yongding
«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.»
Author: Yu Yongding
«It is a pity that when we made such an important change, we didn't get any commitment from the U.S. and other countries»
Author: Yu Yongding
«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.»
Author: Yu Yongding
«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.»
Author: Yu Yongding
«Because China's fiscal situation in relatively sound, the government has relatively great leeway to use expansionary fiscal policy.»
Author: Yu Yongding
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