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

   

Currency 'cannot be revalued' at excessive pace

By Li Fei (China Daily)
Updated: 2007-12-13 07:30

XIANGHE, Hebei: China is opposed to "excessively rapid" revaluation of the yuan, a top Chinese trade official said Wednesday.

The key to resolving the trade imbalance between China and the US is to adjust the economic structure, and not to revalue the yuan, Vice-Minister of Commerce Chen Deming said during a break in the Third China-US Strategic Economic Dialogue (SED).


Chinese and United States officials pose for group picture during the opening of The Third Strategic Economic Dialogue in Xianghe, near Beijing, December 12, 2007.  [Agencies]

The key point is for China and the US to keep their currencies stable, he said.

"Since they are the world's two major economies, big swings in their currencies could mean disaster not only for them, but also for the entire world. So we should keep the currencies stable and prevent them from experiencing big swings."

Asked about whether his ministry was opposed to revaluation of the yuan, Chen said China "has never opposed, is not opposing and will not oppose the yuan's revaluation".

"What we oppose is 'excessively rapid' revaluation that doesn't conform to our national conditions," said Chen, who assumed his post less than two weeks ago. Also, a revalued yuan wouldn't necessarily reduce the trade surplus, as some expect, he said.

"Pinning hopes of reducing the trade surplus by simply revaluating the yuan is not scientific," Chen said, pointing out that China's trade surplus had actually increased dramatically since the landmark currency reform in 2005.

The trading midpoint of the yuan was at 7.3647 per dollar Wednesday, the highest since the currency was depegged from the dollar in July 2005 and shifted to a basket of currencies. The yuan has risen by 12.4 percent since then.

China and the US should tackle their trade imbalance by undertaking structural economic adjustments, Chen said.

Other policymakers and experts corroborated him. "A stronger yuan could help reduce the trade surplus but the key is to adjust the very structure of the two countries' economies," central bank governor Zhou Xiaochuan said at another media briefing on the sidelines of the SED.

"China and the US both have room for improvement in their economic restructuring," Zhou said. It's natural for the two countries to have divergent views on and approaches to tackling the economic and trade imbalance.

"Both the countries have to make their best efforts to solve the problem of trade imbalance, which is not caused by just one side," said Mei Xinyu, a researcher with a think tank, affiliated with the Ministry of Commerce. The US needs to adjust its own economic structure, too, to reduce the deficit against China."



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 一区小视频 | 日本中文字幕一区二区 | 糖心在线免费观看 | 国产精品资源站 | 国产精品v欧美精品v日韩 | 久久国产久 | 亚洲a精品 | 日韩福利社| 五月婷婷婷 | 日韩午夜三级 | 91美女福利视频 | 欧美另类综合 | 欧美黄色大片免费观看 | 成人日韩在线观看 | 伊人久久精品一区二区三区 | 依人99| 国产成人精品一区二区三区视频 | 男人天堂视频在线观看 | 91精品国产日韩91久久久久久 | 欧美理论在线观看 | 日韩综合在线视频 | 在线不欧美 | 天天干天天插天天射 | 欧美日韩亚洲视频 | 四虎影视精品 | 国产精品久久久久久久久久久久久久久久久 | 91精品国产综合久久久蜜臀粉嫩 | 国产三区视频 | aa黄色大片 | 成年人在线免费观看 | 国产午夜视频在线观看 | 国产精品久久久久久亚洲影视 | 久久不色| 成人伊人综合 | 天天操天天干天天摸 | 半推半就一ⅹ99av | 成人欧美一区二区三区黑人免费 | 亚洲欧美福利 | 国产一区二区精品在线 | 日韩精品福利在线 | 久久久午夜精品 |