Central Bank Governor China Needs Clothing And Other Imported Goods.

Yi Gang, vice president of the people's Bank of China, said in an interview with Caixin magazine in December last year that China has a large middle income group. They need "a href=" http://pop.sjfzxm.com/popimg/fz/index.aspx "clothing" /a ", laptops and cosmetics and other imported commodities." P "

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Zhou Xiaochuan P often said that he hoped to improve the marketization of China's financial system.

That is to say, it is more convenient to establish bank deposit insurance, allow bank deposit interest rate and exchange rate to rise and fall according to the market situation and make capital enter and leave China.

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< p > if these changes can be realized, it will help China develop into a consumer based economy, which is the long-term goal pursued by Chinese leaders.

Yi Gang, vice president of the people's Bank of China, said in an interview with Caixin magazine in December last year that China had a large middle income group. They needed clothing, laptop computers and cosmetics, etc. < a href= "//www.sjfzxm.com/news/index_s.asp" > imports > /a.

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"P" Yi Gang also explained why the RMB appreciation was beneficial to China in an interview with "Caixin" magazine.

He acknowledged the resistance of the export lobby to the appreciation of the renminbi.

He said that the voice of export enterprises is relatively large.

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P > every major change sought by the Central Bank of China has been opposed by powerful forces that have gained huge benefits from the current system, especially large state-owned banks.

At present, the government secretly ensures the stability of banks and facilitates bank profitability by managing and lowering deposit interest rates.

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< p > in the "defense" aspect, the Central Bank of China must decide how to make China's gradual increase in debt slow down.

Over the past five years, China's debt growth has been so fast that economists both at home and abroad have remembered the credit bubble that eventually collapsed in the US, Europe and other parts of Asia.

First of all, the Central Bank of China must decide what measures to take.

Whether it is to raise interest rates or tighter regulation of so-called "shadow banks"? Trust companies and informal loan companies belong to "shadow banks". They have designed complicated pactions with banks to hide high-risk loans.

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< p > no matter what decision a href= "//www.sjfzxm.com/news/index_cj.asp" and "China's central bank" /a make, we need to convince the top decision-makers of the government and the Central Committee to adopt it.

Unlike the Federal Reserve and other major central banks in the world, the Central Bank of China is not independent, but is essentially an advisory body.

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It is no easy task to persuade policy makers to adopt a policy that may slow down credit and possibly reduce the overall economic growth. Especially in a country like China, leaders are always worried that economic slowdown will lead to unemployment and social unrest, which may undermine their control over the regime.

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