Tang Xu Change Quotations

We have a very good start for the foreign exchange regime ... We also want liberalization of interest rates.

It will take time to do so. It's a process. Every investor wants to optimize his own portfolio or investment structure but that doesn't mean that the portfolio will change overnight.

If more and more enterprises and industries sell their U.S. dollars or foreign exchange maybe the yuan will have appreciation pressure. We don't want these kinds of capital flows to have a very strong impact on the economic growth trend.