Zhou Xiaochuan: Domestic Factors Are The Key Factors In Making Monetary Policy Considerations.

Zhou Xiaochuan, governor of the people's Bank of China, on the 24 day of the second round of China US strategic and economic dialogue briefing, said that in general, China is a big country with 1 billion 300 million population. Most factors to consider monetary policy are domestic factors. International factors will also affect monetary policy decisions, but this effect is often less than domestic factors.

Macroeconomic policies must be prudent and stable.

Zhou Xiaochuan pointed out that the first thing to do is to maintain the health of financial institutions. Secondly, macroeconomic policies should be prudent and stable. Third, the construction of financial infrastructure is also important. Fourth, in addition to preventing blind actions and irrational actions in the financial market, China must further promote financial reform and promote financial innovation. Because for China, we should strengthen financial innovation from the development stage.

In addition, Zhou Xiaochuan also mentioned that the US side also introduced the financial reform bill under study and passed.

He said that the bill contained quite a lot of contents, including weaknesses in the US financial crisis and strong measures to overcome difficulties, and how to make greater use of multilateral mechanisms to promote the development and reform of financial markets.

China and the United States support Europe to take measures to overcome problems as far as possible.

A reporter asked, what is the important impact of the European sovereign debt issue on the RMB exchange rate?

Zhou Xiaochuan answered that this question is definitely a question that will be involved in the Sino US strategic economic dialogue. Some participants' speeches mentioned the exchange rate issue. During the first quarter of the morning, the two sides spent more time discussing all kinds of knowledge about the European sovereign debt crisis. We support Europe to take effective measures to overcome the existing problems and support Europe's actions. At the same time, there is a general analysis, in general, the global economic recovery is still able to maintain a strong momentum.