• To keep trade surplus for next 5 years
  • Growing challenges in managing fx reserves (ahhh, poor things)
  • Major economies to keep monetary policies loose in years ahead
  • Expectations for firmer yuan driving hot money inflows
  • Hoped US lawmakers avoid harming overall interest of Sino-US trade
  • To gradually make yuan convertible on capital account
  • China is committed to implementing reform of its exchange rate
  • Yuan is not main reason for Sino-US trade imbalance
  • China’s foreign exchange rate policy is responsible
  • Hopes Hu’s visit will promote positive Sino-US relations