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China's central bank has made a lot of preparations for exchange rate policy, which will allow China to be in a relatively more active position in future adjustment, said Huang Xiaolong, deputy director of China's central bank's financial stability bureau.

He made the above statement at the annual financial meeting. He also said that in the current low global economic growth, low interest rates, capital flows increased volatility in the environment, investment and asset allocation are more difficult, the risks and challenges have increased.

"In the face of this environmental change, China has made policy reserves in terms of macroeconomic policies, including exchange rate reform," he said. "It also includes some of the reforms we have made in the past to convert capital and facilitate investment. For this investment and asset allocation to provide a stable macro environment.

Huang Yiping, member of the Monetary Policy Committee of the People's Bank of China, pointed out at the annual meeting of finance and economics that China, like many countries, has a "risk triangle" in which productivity is declining, leverage is rising, and macro policy space is shrinking dramatically. Rely on cyclical policies have been more difficult to solve the problem or to rely on structural reform.

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