Zhou Xiaochuan: The European Debt Crisis Has Little Impact On China's Exports.
On June 4th, in the gap between G20 finance ministers and central bank governors in Busan, South Korea, Zhou Xiaochuan, governor of the people's Bank of China, told the China Securities Journal reporter that the EU issue will not have much impact on China's exports.
Zhou Xiaochuan pointed out that there are many factors that affect China's economy. The Chinese economy will not react so fast to the EU issue. If there is any response, it should respond to the order first, then react from the export, and then respond from production. Don't worry too much now.
When asked whether the sovereign debt crisis of five European countries could be controlled, Zhou Xiaochuan said, "we have confidence". "The special system of European economy and politics has determined that they are not easy to handle things. But when the problem becomes serious, the European Union, the European Central Bank and the euro zone countries will be determined that once they are determined, the problem can be solved, and of course, it will pay a price."
On June 4th, in the gap between G20 finance ministers and central bank governors in Busan, South Korea, Zhou Xiaochuan, governor of the people's Bank of China, told the China Securities Journal reporter that the EU issue will not have much impact on China's exports.
Zhou Xiaochuan pointed out that there are many factors that affect China's economy. The Chinese economy will not react so fast to the EU issue. If there is any response, it should respond to the order first, then react from the export, and then respond from production. Don't worry too much now.
When asked whether the sovereign debt crisis of five European countries could be controlled, Zhou Xiaochuan said, "we have confidence". "The special system of European economy and politics has determined that they are not easy to handle things. But when the problem becomes serious, the European Union, the European Central Bank and the euro zone countries will be determined that once they are determined, the problem can be solved, and of course, it will pay a price."
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