周小川在IMF发言稿 2015 5.pdfVIP

International Monetary and Financial Committee Thirty-First Meeting April 18, 2015 IMFC Statement by ZHOU Xiaochuan Governor, People’s Bank of China On behalf of the People’s Republic of China Statement by the Honorable Zhou Xiaochuan Governor of the IMF for China to the Thirty-First Meeting of the International Monetary and Financial Committee Washington, D.C., April 18, 2015 In 2015, the global economy continues to face significant challenges as recovery remains uneven. In the meantime, the IMF will undertake the quinquennial SDR review. In this context, this statement focuses on how China views the economic and financial developments in China and at the global level, as well as the role of the Fund. It also provides an update on China’s plans to make the RMB more freely usable. 1. Global economy and financial markets Global economic growth remains stranded in low gear, with the economic recovery process remaining uneven and brittle among advanced economies, while emerging market economies are stymied by strong domestic and external headwinds. Going forward, the global economy is also subject to a myriad of challenges. In particular, asynchronous monetary policy in major advanced economies, abrupt changes in oil prices, and renewed geopolitical tensions may trigger another round of turbulence in the global financial market, while demographic pressures and insufficient economic risk-taking—notably inadequate investments—may continue to drag global growth over the longer term. Thus, comprehensive and powerful policy actions by all sides are needed to strengthen the global economic recovery. In advanced economies, the policy stance should stay largely supportive, with due regard to the adverse spillovers to the global economy. In the U.S., the monetary policy stance should always be effectivel