As the head of the State Administration of Foreign Exchange and one of the fi ve People’s Bank of China deputy governors, Yi Gang’s opinion on fi nancial reform matters. During a talk in April, the 56-year-old offi cial said foreign exchange reform should come before interest rate liberalization. This pointed to a different direction to what many economists had viewed as the charted course for fi nancial change in China, which set FX reform at the distant end. There’s good reason to believe that Yi’s voice will be heard. A week before his comment on foreign exchange reform, he was named a deputy head of the Offi ce of the Central Leading Group on Financial and Economic Affairs, a top economic planner established in the early 1980s and itself a rising authority within the Communist Party. Bank of America Merrill Lynch chief China economist Lu Ting put it bluntly in a note to investors: “Heed what PBOC’s Yi Gang says.” Still, many economists disagree with the idea that foreign exchange liberalization should be next on the fi nancial reform to-do list. “That’s a theoretical sort of statement because in theory [foreign exchange and interest rate liberalization] should actually happen at the same time,” says Dariusz Kowalczyk, senior analyst at investment bank Credit Agricole. “It’s certain that foreign exchange will not be fully freed anytime soon.”
总结是对过去一定时期的工作、学习或思想情况进行回顾、分析,并做出客观评价的书面材料,它有助于我们寻找工作和事物发展的规律,从而掌握并运用这些规律,是时候写一份总