Zhou Xiaochuan: RMB devaluation to boost exports cannot be ruled out

by 00483301 on 2008-11-13 11:06:59

People's Bank of China Governor Zhou Xiaochuan said on Monday that the possibility of boosting exports and maintaining strong economic growth in China via RMB devaluation cannot be ruled out. During his participation at the Bank of International Settlements conference in Brazil, when asked if China should boost exports via RMB devaluation, Zhou Xiaochuan said that no possibility can be ruled out. However, when answering whether China would further reduce interest rates to stimulate the economy, Zhou Xiaochuan said that it was too early to talk about specific policy making...