日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Yuan's rise no quick fix for trade surplus

(Shanghai Daily)
Updated: 2007-01-17 10:01

A stronger yuan won't immediately enable China to achieve a trade balance because the economy will depend largely on exports for the foreseeable future, the Ministry of Commerce said yesterday.

The appreciation of the national currency should be combined with policies that rein in the money supply, moderate the international payment surplus and boost domestic spending, officials said.

"China remains one of the first options for global firms when it comes to investment, and the country counts on that to bolster its economy," the commerce ministry said. "Therefore, the trade gap will exist for a pretty long period of time."

The ministry also attributed the huge gap to the United States, China's biggest trading partner, blaming it for its high spending and low savings rates.

China's trade surplus swelled to a record US$177.5 billion in 2006, up from the US$102 billion a year earlier, as overseas sales continued to grow rapidly. The widening gap may hinder the government from achieving its goal to resolve the trade imbalance by 2010.

The ballooning surplus has flooded the economy with cash and sent its foreign-exchange reserves to new highs. Holdings jumped 30 percent year on year to US$1.07 trillion at the end of December, the most in the world, the central bank said.

The central bank is gradually delivering its promise to make the yuan more flexible in a move to ease the surplus. It also issued bonds, raised interest rates and told banks to set aside more money in reserves to soak up cash. The commerce ministry said on Monday that the yuan would rise in the long term, climbing a further 4 to 5 percent this year against the US dollar.

The yuan finished at 7.7900 against the US dollar yesterday. The Chinese currency has appreciated almost six percent against the dollar since July 2005, when the central bank abandoned its decade-long fixed exchange rate of 8.28 to the greenback.

"The appreciation of the yuan will help narrow the trade gap, effectively allocate resources and enable the economy to sustain its growth," the ministry said.

China economy may have expanded 10.5 percent in 2006 and could grow 9.8 percent this year, according to estimates by the National Development and Reform Commission. The government will release final economic figures next Thursday.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 精品久久免费视频 | 久久久久久久久久久97 | 亚洲一区二区中文字幕 | 男人懂得网站 | 日韩欧美小说 | 深夜福利一区二区三区 | 欧美日a| 国产精品久久久久久在线观看 | 五月天婷婷激情网 | 国产成人高清 | 国产精品欧美亚洲 | 黄色资源在线观看 | 国产流白浆 | 四库影院在线观看 | 成人免费看片视频在线观看 | 天天操夜夜夜 | 人人艹超碰 | 新国产视频 | 精品成人网 | 色综合五月 | av亚洲在线 | 一级真人毛片 | 日韩和欧美的一区二区 | 免费av高清| 黄色香蕉视频在线观看 | 狠狠天天 | 国产美女激情视频 | 日韩在线观看免费网站 | 福利一区福利二区 | 欧美三级网 | 婷婷色站| 国产一区二区免费看 | 亚洲欧洲精品视频 | 国产中出 | www.国产在线观看 | 亚洲一区二区三区精品视频 | 成人18视频免费69 | 先锋77xfplay色资源网站 | 欧美日韩一区二区在线播放 | 亚洲激情网站 | 国产 日韩 欧美 综合 |