To further advance the reform of the formation mechanism and improve the managed floating system is the choice made according to the national conditions and development strategy, conform to the reform direction of perfecting the socialist market economy system, conform to the requirements of implementing the scientific development concept, and conform to the long-term and fundamental core interests of our country.
1. Conducive to promoting structural adjustment and comprehensive, coordinated and sustainable development.
Floating exchange rate can flexibly adjust the internal and external price ratio, help guide the allocation of resources to the service sector and other domestic demand sectors, promote industrial upgrading, transform the pattern of economic development, and reduce trade imbalance and the economy’s excessive dependence on exports.
2. It is conducive to curbing inflation and asset bubbles.
We will enhance the initiative and effectiveness of macro-control and improve its capacity.
3. Conducive to maintaining the period of strategic opportunities.
As a beneficiary of economic globalization, to continue to promote the reform of exchange rate is conducive to achieve mutual benefit, long-term cooperation and common development, and maintain the period of strategic opportunities and the international economic and trade environment conducive to China’s economic development.
