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. -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.


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This quote is just one of 9 total Yu Yongding quotes in our collection. Yu Yongding is known for saying '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.' as well as some of the following quotes.

It's not affordable for China to continue to absorb such a huge increase in foreign exchange reserves.

Yu Yongding
281

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.

Yu Yongding
251
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. -Yu Yongding
196

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.

Yu Yongding
177

This kind of practice is not very conducive to China's long-term growth.

Yu Yongding
151
More flexible as well as more transparent. -Yu Yongding
137

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.

Yu Yongding
128