Zhou Xiaochuan: Managing Multi-Objective Monetary Policy

　　Managing Multi-Objective Monetary Policy: From the Perspective of Transitioning Chinese Economy

　　There have been extensive discussions and reflections on central banking since the outbreak of the global financial crisis (GFC). Country circumstances differ, but there are also a number of issues with common interests. As China has the features of both a large transition economy and an emerging market economy, China’s central bank and its monetary policy are yet to be well understood by the outside world. I would like to take this opportunity to discuss post-crisis issues of common concern on central banking, as well as the objectives, roles and practices of China’s central bank.