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