原粘已經太長（https://bbs.pinggu.org/thread-146287-1-1.html），所以在此題目下繼續紀錄VIP們的原話。

中国人民银行副行长吴晓灵 spoke at a conference in Brussels today (May 31)

On global imbalances:

Global imbalances ``are caused by complex reasons. All the

problems cannot be solved in the short term. The solution

requires ``persistent efforts.''

``Global imbalances are a normal phenomenon and process in

the world economic growth. This phenomenon is inevitable in

world economy. In recent years, global imbalances have become a

concern for global community because of the sheer size'' of the

imbalances.

``The U.S. runs a massive trade deficit. However, the size

of U.S. current-account deficit has remained the largest in the

world.''

``We need to go through concerted efforts to reduce global

imbalances. The cooperation in the EU is a very good model, very

good example to the world.''

``This high amount of reserves I'd like to see that China's

BOP imbalances are a reflection of global imbalances.''

On China and global imbalances:

``We have to face this imbalance in the world market. Our

central bank took measures to sterilize to master this

situation.''

``If we want to adjust this imbalance in China we have

first increase the flexibility of foreign exchange, but this is

not the main measure to take because if we have more flexibility

in exchange, it doesn't help to change the world situation.''

``Maybe we can shift the Chinese surplus to other emerging

developing countries.''

``In our economic reforms, we have to readjust our economic

structure; we have to boost the consumption and take measures to

boost this consumption. In order to achieve this, we have to

take two measures. First, we have to have a very solid social-

security system to reduce the passive savings; then we have to

increase the income so the households can have more consumption

then we have to streamline foreign trade policy.''

``This year our foreign trade ministry has adjusted foreign

trade policy as their main issue. The ministry would like to

give incentives to the imports to replace and adjust exports.''

On the yuan:

``If the above mentioned problems cannot be resolved in a

good way, the change in the international fiscal environment

could have a negative effect'' on the yuan.

(Bloomberg)