Headquartered in Paris, economic cooperation and development (OECD) recently released a statement on the people's Bank of China announced that further reform of the Renminbi exchange rate regime and welcomed the RMB exchange rate flexibility.
OECD Secretary-General Angel · combination Gulya said in its statement, the fiscal expansion policy, structural reforms as well as a flexible exchange rate mechanism of the combined effects of China's economy to achieve stability, sustainable and balanced economic development in the world to make important contributions.
People's Bank of China announced 19 further advancing the reform of the Renminbi exchange rate mechanism, the enhancement of the RMB exchange rate flexibility.
For some Western media's Bank of China, the above statement will be interpreted as a political gesture, OECD devoted to the study of Chinese and Asian economy Chief Economist Richard · Hart expressed different opinions. He believes that this policy is based on their own economic situation to make reasonable decisions. In addition, he agreed with the RMB exchange rate regime could not be achieved, but rather a gradual process.
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