Exchange Quotations | Page 8

There is a risk that if China liberalizes the foreign exchange system when the banks need to be recapitalized, there could be trauma in the system. My impression is that the Chinese are going to be as gradual as they can.

There is a real problem with global exchange rates, and I also think the U.S. is living beyond its means.

The only way to prosecute effectively is by breaking the code of silence and get a few people who in exchange for some substantial incentives will be willing to give up names and information.

There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has already weakened and frankly this kind of move isn't going to matter very much.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

With the exchange rates the way they are, a lot of imports are coming over. It's a very busy, busy year. And everybody is nervous.

With the deepening of China's financial reform, economic development and the enforcement of the market role, the RMB exchange rate will become more flexible and serve as a more sensitive reflection of the changes of market supply and demand,

What you have to look at is what has been occurring in the foreign exchange markets. They (Bank of Japan) were rumored to be significant buyers on Friday and Monday, the (Treasury) market was bid up on Friday and Monday, so there's a very big risk that they've already put that money to work.

Having a surplus is allowing us to intervene in the exchange market and support an exchange rate we deem convenient.

Peaceful development means that China is to develop itself through working for a peaceful international environment and in return, promote world peace through its own development.Open development means China will persist with its opening-up strategy and continue to improve the investment environment and open up its market. Cooperative development means China is to broaden its exchanges and cooperation with the rest world and work with others to resolve difficulties and differences that arise in cooperation and try its best to achieve mutual benefits and a win-win result.