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

Chinadaily.com.cn
 
Go Adv Search
China ready to let market have more say in yuan value

China ready to let market have more say in yuan value

Updated: 2012-04-23 09:06

By Ma Liyao in Washington DC (China Daily)

  Comments() Print Mail Large Medium  Small

China is ready to move on letting the market play a bigger role in foreign exchange rates, Yi Gang, deputy governor of the People's Bank of China, said on Saturday.

"It's time to let the market more or less decide the rate while reducing the intervention," Yi said at a panel discussion on the sidelines of the International Monetary Fund's annual spring meetings. Yi, who is also the director of the State Administration of Foreign Exchange, answered "Yes" when asked if Beijing would act further to make the foreign exchange rate more flexible.

China's central bank announced a widening of the yuan's trading band against the US dollar from 0.5 percent to 1 percent on April 14, its first move since 2007.

On Thursday, the IMF said the decision was a step in the right direction, and an assessment of the currency's valuation will be seen in the coming months.

"This reform is aiming at increasing the flexibility of the renminbi exchange rate and making market forces play a more important role in determining the rate," Yi said.

He did not outline specific plans or schedules, but said there have been "persistent two-way bets" on the renminbi exchange rate in the last two quarters, as opposed to the one-way bet of the past. Doubling of the yuan's trading band last week was the first widening since 2007.

Account surplus

China's current account surplus dropped to about 2.7 percent of GDP in 2011 from over 10 percent in 2007, and the IMF's latest World Economic Outlook has sharply reduced its prediction for its growth.

"I'd say around two-thirds (of the decline in the surplus) is due to long-term structural changes, for example, the increasing labor costs and rising renminbi exchange rate. The other third comes from weakening external demand," Yi said.

An IMF official said previously that the decline in China's current account surplus was driven more by investment than consumption, raising the concerns of the country risking new domestic imbalance.

"In terms of stimulating domestic demand, it is definitely the right direction to go, and lots may be done to achieve the goal, but we must avoid economic bubbles and exchange rate overshooting," Yi said.

Contact the writer at maliyao@chinadaily.com.cn

主站蜘蛛池模板: 亚洲国产精品久久久久久 | 国产精品视频成人 | 精品久久久网站 | 中文字幕视频二区 | 国产精品视频一区二区三区不卡 | 91在线公开视频 | 91美女福利视频 | 黄色大片a级 | 91免费在线视频 | 亚洲淫片 | 欧美亚洲综合在线 | 韩国av毛片| 中文精品视频 | 美丽姑娘在线观看免费 | 永久免费看mv网站入口亚洲 | 色呦呦中文字幕 | 波多野结衣午夜 | 中文字幕三区 | 成人av不卡 | 黄色一级视频网站 | 草草草在线| 九九综合视频 | 一级黄色片视频 | 日韩 欧美 综合 | 黄色大片视频网站 | 亚洲经典视频 | 成人a在线观看 | 亚洲精品国产一区二 | 在线观看www视频 | 国产在线第二页 | 亚洲人精品 | 久久精品区 | 日韩精品乱码久久久久久 | 欧美wwwww | 国产精品久久久久久久久久免费看 | 午夜亚洲天堂 | 国产三级精品三级在线观看 | 怡红院一区 | 欧美撸撸| 免费天堂av | 国产伦精品一区二区三区视频网站 |