PBOC's Zhou says yuan reform 'a slow business'

Exchange rate reform will be a "slow business" according to People's Bank of China governor Zhou Xiaochuan, who was speaking in Beijing Tuesday 24 May.

"It's impossible that there'll be news in just one or two days," Zhou Xiaochuan said according to the state-run China Securities Journal. "Reform of the yuan exchange rate is a 'slow business'."

Zhou made the remarks at a forum in Beijing Tuesday as China remained under heavy criticism globally for sticking to an exchange rate that is seen as gi

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: