PBOC's Zhou Says Yuan to Remain Stable in 2017

The press conference focused on economic stability amid global uncertainties, with Governor Joe emphasizing a stable outlook but acknowledging potential volatility due to Fed rate hikes. Discussions included the necessity of Forex reserves, corporate debt management, and a gradual approach to leverage. Currency stability was highlighted, with risks from aggressive Fed tightening potentially impacting the Yuan's appeal.

What did Governor Joe emphasize about the monetary policy in the face of global uncertainties?

• An increase in foreign exchange reserves

• A prudent and neutral approach

• A focus on reducing corporate debt

• A shift towards aggressive monetary easing

How has China's corporate debt changed since the global financial crisis?

• It has remained stable

• It has been eliminated

• It has decreased significantly

• It has skyrocketed

What approach did Deputy Igang suggest for managing leverage in China?

• A gradual approach

• A rapid reduction in leverage

• An increase in leverage

• No change in current policies

What is the main concern regarding the stability of the Chinese currency?

• An increase in foreign investments

• The currency is not managed

• A decrease in global trade

• The Fed's aggressive tightening

What could diminish the appeal of Yuan assets relative to the US?

• Aggressive tightening by the Fed

• A stable global economy

• A decrease in US interest rates

• An increase in Chinese exports