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

   

The yuan's speedy appreciation

(China Daily)
Updated: 2008-01-16 14:00

China's currency, the yuan, has hit a new high against the US dollar for the sixth time since the beginning of this year. By breaking the 7.25 mark against the US dollar yesterday, the yuan has kept smashing psychological barriers for three trading days in a row.

Such quickened revaluation seemingly underscored the Chinese government's determination to rein in domestic price hikes.

If so, Chinese exporters must expedite their restructuring to cope with the substantial impact of faster appreciation of the yuan on their bottom lines.

The yuan already advanced about 7 percent against the US dollar in 2007, twice as fast as in 2006.

Yet, against all the odds of a rising yuan and overseas safety concerns over Chinese exports, the country still registered a trade surplus of $262.2 billion last year, up 47.4 percent over the previous year.

The resilience of China's export sector is surely impressive. It even might have allowed the policymakers to be more concerned about domestic inflation rather than worrying too much about the pressure of faster appreciation on exporters.

China's consumer price index has hovered above 6 percent year-on-year for four months, driving consumer inflation to 4.6 percent for the first 11 months of 2007.

Though double-digit growth of food prices remained the major driving force of consumer inflation, emerging signs of continuous price hikes in many non-food sectors have persuaded the Chinese authorities to make it a top priority to fight overall inflation this year.

Under such circumstances, it looks reasonable to strengthen the Chinese currency to fight domestic inflation pressures now.

It is believed the yuan's rise will help reduce the country's massive trade surplus, mop up excess liquidity and curb inflation.

The latest acceleration in the rise of the yuan might be just the beginning of the country's efforts to narrow the trade imbalance while better meeting domestic demand with more imports.

However, it is obvious that the prospect of a stronger yuan will further erode profit margins for many Chinese exporters.

Their success in the past two years to cope with a gradual rise of the yuan can hardly be enough to guarantee their survival this year. The new challenges Chinese exporters have to face include not only a more expensive local currency but also stringent environmental standards, rising wage levels, and weakening external demand.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 国产美女激情视频 | 国产成人精品一区二 | 粉嫩在线观看 | 久久久久久久久网站 | 澳门四虎影院 | 亚洲四虎影院 | 成人激情在线 | 欧美日韩一区二区三 | 婷婷丁香色 | 国产51页 | 欧美日韩亚洲国产成人 | 成年人网站免费看 | 亚欧在线观看 | 久久国内精品视频 | 精品视频专区 | 99爱精品视频 | 国产精品一二三四五区 | 国产原创视频在线观看 | 国产aaa级片 | 欧美日韩一级大片 | 亚洲免费在线视频观看 | 日本a天堂 | 白白色在线观看 | 国产一区二区激情 | 日本欧美一区二区三区不卡视频 | 91福利免费| 欧美一页 | 亚洲一区二区三区四区视频 | 日日爽日日操 | 国产码视频 | 成人精品在线观看 | 久久精品综合网 | 中文字幕第九页 | 又黄又爽又色的视频 | 免费观看黄色大片 | 91爱爱网站 | 国产精品2018 | 国产白丝在线 | 91麻豆传媒 | 国产又粗又爽又黄的视频 | 中文字幕亚洲精品在线观看 |