Add a biography for this author »
Quotes from the news wire:
We think the issuance of, and continuous improvement in eSDR can help establish a new cross-border payment and settlement system using a super-sovereign currency, thus easing flaws in the traditional monetary system.
– Yao Yudong
China's exchange rate reform had nothing to do with the global stock market volatility, it was mainly due to the upcoming U.S. Federal Reserve monetary policy move, we were wronged.
So we hope the Federal Reserve could further delay its interest rate rise, giving emerging markets ample time to prepare. The Fed should not only consider the U.S. economy, but should also consider the global economy which is very fragile.
China's economy is in good shape. I'm very confident full-year growth will reach 7 percent.
China has sufficient policy room and adequate policy tools to respond.
China's high savings rate means China cannot provide liquidity to the world via the current account right now.
Please enter your email address:
"Yao Yudong Quotes." Quotes.net. STANDS4 LLC, 2020. Web. 12 Jul 2020. <https://www.quotes.net/authors/Yao+Yudong+Quotes>.
Your email address:*Required
Pick a user name:*Required
Forgot your password? Retrieve it