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Encyclopedia > Zhou Xiaochuan
Zhou Xiaochuan.
Zhou Xiaochuan.

Dr Zhou Xiaochuan (周小川) is a Chinese economist, reformist and bureaucrat. As governor of the People's Bank of China, he is in charge of the monetary policy of the People's Republic of China. Zhou is associated with Zhu Rongji and the "Shanghai group" of politicians. Image File history File links from http://www. ... Image File history File links from http://www. ... The Peoples Bank of China (中国人民银行, pinyin: Zhōngguó Rénmín Yínháng ) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the Peoples Republic of China with the power to control the Chinese monetary policy and regulate Chinese financial... ZhÅ« Róngjì (born October 1, 1928, Simplified Chinese: 朱镕基 or often incorrectly 朱熔基; Traditional Chinese: 朱鎔基; Wade-Giles: Chu Jung-chi) was the 9th Premier of the Peoples Republic of China State Council (March 1998-March 2003), and was a Standing Committee member of the Politburo of 15th CPC Central Committee...


Zhou Xiaochuan was born in 29 January 1948, in Dongan, Heilongjiang province. He was the son of Zhou Jiannan and Yang Weizhe (杨维哲). The elder Zhou, persecuted during the Cultural Revolution, became a member of the State Council and the Minister for Machinery Industry in the early 1980s. He was also said to have been one of the mentors of Jiang Zemin. 1948 is a leap year starting on Thursday (link will take you to calendar). ... Heilongjiang (Simplified Chinese: 黑龙江省; Traditional Chinese: 黑龍江省; pinyin: Hēilóngjiāng; Postal System Pinyin: Heilungkiang) is a province of the Peoples Republic of China located in the northeastern part of the country. ... Zhou Jiannan (周建南) was a politician and bureaucrat of Mainland China until his death in 1995. ... A poster during the Cultural Revolution The Great Proletarian Cultural Revolution (Simplified Chinese: 无产阶级文化大革命; Traditional Chinese: 無產階級文化大革命; pinyin: ; literally Proletarian Cultural Great Revolution; often abbreviated to 文化大革命 wén huà dà gé mìng, literally Great Cultural Revolution, or simply 文革 wén gé, literally Cultural Revolution) in the Peoples Republic of China... // Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 1960s and 1970s and the definition of the AIDS virus in 1981. ... Jiāng Zémín (born August 17, 1926) was the core of the third generation of Communist Party of China leaders, serving as General Secretary of the Communist Party of China from 1989 to 2002, as President of the Peoples Republic of China from 1993 to 2003, and...


Zhou Xiaochuan graduated from Beijing Chemical Engineering Institute (北京化工学院) in 1975 and received a PhD degree in economic systems engineering (经济系统工程) from Qinghua University in 1985. 1975 was a common year starting on Wednesday (the link is to a full 1975 calendar). ... Doctor of Philosophy (Ph. ... Tsinghua University 自強不息,厚德載物 (Self-discipline and social commitment) Tsinghua University (Pinyin: Qīnghuá Dàxué; Traditional: 清華大學; Simplified: 清华大学; Wade-Giles Ching-hua Ta-hsüeh) is one of the most prestigious universities in China. ... 1985 is a common year starting on Tuesday of the Gregorian calendar. ...


By 1986, he was advising the State Council on economic restructuring as a member of the Economic Policy Group of the State Council and Deputy Director of the Institute of Chinese Economic Reform Research. He served as Assistant Minister of Foreign Trade from 1986 to 1989 and, between 1986 and 1991, was also a member of the National Committee of Economic Reform. Before the Tiananmen Square protests of 1989, Zhou was an associate and protege of Zhao Ziyang. 1986 is a common year starting on Wednesday of the Gregorian calendar. ... The Unknown Rebel — This famous photo, taken by Associated Press photographer Jeff Widener, depicts a lone protester whose actions halted the progress of a column of advancing tanks for over half an hour. ... Zhao Ziyang (Simplified Chinese: 赵紫阳; Traditional Chinese: 趙紫陽; pinyin: ; Wade-Giles: Chao Tzu-yang) (October 17, 1919–January 17, 2005) was a politician in the Peoples Republic of China. ...


In 1998-2000, he served as president of China Construction Bank and oversaw the creation of asset-management companies charged with working out the banking system's bad debt. He also played a part in managing China's vast foreign exchange reserves. 1998 is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... 2000 is a leap year starting on Saturday of the Gregorian calendar. ... The China Construction Bank (中国建设银行, pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ...


From 2000 to 2002, Zhou was head of the China Securities Regulatory Commission. Whilst there, he earned the nickname Zhou "Bapi" (周扒皮) - literally Zhou "the flayer". He targeted corruption in listed companies, angering many small shareholders who saw their shares fall. In July 2001, Zhou Xiaochuan declared his intention to reduce state ownership in the stockmarket. The stockmarket quickly went into freefall, forcing him to abandon his plans that October. 2002 is a common year starting on Tuesday of the Gregorian calendar. ... The China Securities Regulatory Commission (zh: 中国证券监督管理委员会) is an institution of the State Council of China. ... 2001 is a common year starting on Monday of the Gregorian calendar. ...


In December 2002, he was appointed to his present position as governor of the People's Bank of China. As leading banking authority, Zhou is in charge of clearing up some $865 billion bad loans in the Chinese banking system. Recently he has been under pressure from the finance ministers and central bankers of the G7 countries, to revalue the renminbi and change its exchange rate-setting mechanism. 1983 G-7 Economic Summit in Williamsburg, Virginia (left to right) Pierre Trudeau, Gaston Thorn, Helmut Kohl, François Mitterrand, Ronald Reagan, Yasuhiro Nakasone, Margaret Thatcher, Amintore Fanfani. ... The renminbi (Simplified Chinese: 人民币; Traditional Chinese: 人民幣; pinyin: ; literally peoples currency) is the legal tender in the mainland of the Peoples Republic of China. ...


Zhou has published a dozen monographs and over one hundred academic articles in Chinese and international journals. His articles "Rebuilding the relationship between the enterprise and the bank", "Social security: reform and policy recommendations" and book Marching toward an open economic system (走向开放型经济) have all won awards in China.


He is generally considered the most academically capable of the current Chinese leadership, being praised for his intellect and diplomacy. He has been called "China's most able technocrat" and is the only highly-ranked Chinese politican to have been published in a Western academic journal. Although he is one of the leading policymakers of China, Zhou has kept a relatively low public profile. He doesn't give interviews, and is most famous for the motto: "If the market can solve the problem, let the market do it. I am just a referee. I am neither a sportsman nor a coach."


His career has been devoted to economic reform. To that end, Zhou has had a preference for recruiting overseas educated and trained Chinese (locally called "sea turtles"), who have experience of real capitalist markets.


Zhou has been suggested as a future premier, but some consider that he does not have the political experience.


  Results from FactBites:
 
Zhou Xiaochuan - Wikipedia, the free encyclopedia (607 words)
Zhou is associated with Zhu Rongji and the "Shanghai group" of politicians.
Zhou Xiaochuan was born in 29 January 1948, in Dongan, Heilongjiang province.
The elder Zhou, persecuted during the Cultural Revolution, became a member of the State Council and the Minister for Machinery Industry in the early 1980s.
Business finance news - currency market news - online UK currency markets - financial news - Interactive Investor (966 words)
Zhou said the reforms will impact many areas of the economy and careful analysis and preparation is needed to fully prepare the country for the changes.
Zhou said that "too much expectation" had built up in relation to the role of China's exchange rate, saying the pressure is too heavy a burden for the country.
Zhou also said inflationary pressure has been easing since the second half of last year and consumers are not eager to buy goods because they expect that prices will not rise too much in the future.
  More results at FactBites »


 

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