1. Text: | Print|

      RMB has bright future as global currency: Trichet

      2014-06-27 08:11 Xinhua Web Editor: Qin Dexing
      1

      China's currency, the renminbi, would play an increasingly important role in the international monetary system as the Chinese economy continued to grow rapidly, said Jean-Claude Trichet, former president of the European Central Bank (ECB).

      "The RMB has a very bright future as a global currency," Trichet told Xinhua in a recent interview in Beijing, where he attended the International Financial Forum (IFF) 2014 Leadership Dialogue.

      China was considered not only a remarkable economic success, but also a monetary success, he said.

      "China's development is absolutely fantastic!" he said when recalling his first visit to China in 1982.

      Trichet, also co-chairman of the IFF, a Beijing-based non-profit international organization, said he had witnessed great changes in China over the past 32 years, adding the growth of the world's second largest economy had changed the entire world.

      He disagreed with current pessimistic forecasts of China's growth rate in 2014, saying it was normal for growth to ease slightly in such a large economy with such a long rapid growth period.

      Aiming at sustainable development, the Chinese government has a 7.5-percent growth goal this year.

      "I would say that 7.5 percent growth is a dream for other major economies," Trichet said, adding the goal was reasonable for China.

      As a long-time observer of China's economic and financial reform, the former ECB chief said he noticed the RMB's pace of internationalization had been accelerated.

      China decided to set up an RMB offshore settlement bank in London earlier this month after announcing the establishment of an RMB offshore trading center in Frankfurt, Germany several months ago.

      Trichet, however, said the RMB had to be completely convertible so savers and investors in the world could have full confidence in it as a free-floating global currency.

      As for the international monetary system, he said the current system was far from perfect, but it remained "reasonably resilient."

      Thanks to smooth global cooperation among major economies' central banks, there was no dramatic crisis on the exchange market during the worst financial crisis of advanced economies since World War II, Trichet said.

      Asked about the recent economic situation in Europe, he said the euro zone was recovering gradually.

      "We're not at the epicenter of the global crisis now," the euro defender said, adding there was still a lot of work to be done.

      Responding to the concern about the ECB's recent decision to launch a negative interest rate policy, Trichet said it meant the central bank was taking serious measures to tackle low inflation in the area.

      He also defended himself over his policy when he was in office from 2003 to 2011, during which he was criticized for emphasizing price stability over growth and job creation.

      "Price stability, without inflation and without deflation, is not opposed to growth and job creation, but on the contrary, it is a precondition of growth and job creation," he said.

      Trichet said 2 percent was the definition of price stability, which was set at the very beginning of the euro.

      Over the past 15 years, "the average yearly inflation rate was exactly 2 percent of the euro," he said.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲国产精品无码久久久久久曰| 亚洲午夜免费视频| 国产hs免费高清在线观看| 2048亚洲精品国产| 亚洲国产日韩在线| aa级女人大片喷水视频免费| 午夜国产精品免费观看 | 免费观看久久精彩视频 | 国产男女猛烈无遮档免费视频网站| 亚洲中文字幕无码久久精品1 | yy一级毛片免费视频| 西西大胆无码视频免费| 亚洲乱码国产一区三区| 久久亚洲AV成人无码国产电影| 免费A级毛片无码A∨| 亚洲真人日本在线| 91成人免费观看在线观看| 啊灬啊灬别停啊灬用力啊免费看| 亚洲美女激情视频| 久久国产精品萌白酱免费| 精品国产亚洲男女在线线电影| 亚洲国产午夜精品理论片在线播放 | 日韩亚洲国产二区| 亚洲日韩AV一区二区三区中文 | 麻豆国产精品免费视频| 亚洲AV无码一区二区三区系列| 一级做a毛片免费视频| 亚洲AV无码专区电影在线观看| 亚洲高清视频免费| 亚洲嫩模在线观看| 成人免费无码大片A毛片抽搐色欲| 久久亚洲精精品中文字幕| 免费福利电影在线观看| 亚洲一区二区三区亚瑟| 岛国av无码免费无禁网站| 亚洲最大免费视频网| 免费h片在线观看网址最新| 成人婷婷网色偷偷亚洲男人的天堂 | 亚洲精品免费在线观看| 蜜桃精品免费久久久久影院| 亚洲中文字幕久久精品蜜桃 |