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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China's currency nears equilibrium

Xinhua | Updated: 2013-06-08 14:10

Li said the yuan's exchange rate is nearing its equilibrium, as an internationally acknowledged rule of thumb states that equilibrium comes when the current account surplus-GDP ratio is around 3 percent.

Tan also said that the yuan is more likely to weaken against the US dollar in the latter half of the year.

"Even if the yuan strengthens, there is limited room," Tan said.

China's central bank governor Zhou Xiaochuan said Monday at a conference that China will not resort to the competitive devaluation of its currency.

"Refraining from using competitive devaluation measures is not only conducive to global economic growth, but also to China's economic restructuring," Li said.

China is pursuing a transformation from an export-oriented growth pattern to one driven by domestic consumption, requiring the country to shift from the processing trade with low added value to the export of products with more technological content and added value, Li said.

"By not resorting to competitive devaluation, China is also sending a signal that it will steer away from low-end industries in the future, and thus overseas and domestic capital will choose to invest more in high-end industries," according to Li.

Cao Honghui, an analyst at China Development Bank, agreed, saying that the strengthening yuan will help with China's industrial restructuring, as it forces export enterprises to upgrade their products and change destinations for their exports.

Cao said the country should enhance the monitoring of capital inflow and impose restrictions for capital outflow to ward against the impact of frequent cross-border capital flows.

Li believes that the yuan is gradually approaching its equilibrium level and that appreciation pressure is dropping, as it will be difficult for the country to get back to double-digit economic growth.

"The purpose of China's exchange rate reform is not to force the yuan to appreciate or depreciate, but to ensure that it is determined by market forces," Li said.

The country should foster expectations for two-way foreign exchange rate fluctuation in order to reduce speculation and encourage the healthy growth of the yuan, Li said.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 欧美午夜精品久久久 | 一起草在线视频 | 亚洲男人天堂av | 爱爱91 | 伊人久久久久久久久 | 黄色片在线免费观看视频 | 国产又粗又爽又黄的视频 | 亚洲免费一区二区 | 欧美一级片免费观看 | 天天在线免费视频 | 国产探花 | 强开乳罩摸双乳吃奶羞羞www | 国产成年人网站 | 日韩在线中文 | 五月婷婷色 | 成年人视频免费在线观看 | 日韩视频a | 久久视频在线观看 | 中文字幕精品视频在线观看 | 国产成人三级在线观看 | 毛片网站在线看 | 亚洲一区二区色 | 欧美久久久 | 亚洲天堂偷拍 | 私人毛片| 午夜av毛片| 青草一区 | 99热中文| 天堂在线亚洲 | 超在线视频| 日日夜夜精品免费视频 | 性网爆门事件集合av | 色婷婷在线影院 | 欧美大白屁股 | 日韩视频a | 久久久久久国产精品免费免费 | 在线a网| 日韩成人动漫 | 中文在线www| 成人午夜影院 | 国产精品视频网站 |