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

  Home>News Center>China
       
 

China abolishes yuan-dollar peg, adopts floating rate
By Xu Binglan (China Daily)
Updated: 2005-07-21 19:37

In a long-awaited but unexpected move, China yesterday announced that its currency will no longer be pegged to the US dollar.

A shopper hands Chinese money to a cashier in Beijing in this May 27, 2004 file photo. China scrapped the yuan's peg to the U.S. dollar on July 21, 2005, and the rate will be made in reference to a basket of currencies, the central bank said, the first steps in highly anticipated reforms aimed at letting the currency float freely.[Reuters]

From now on the renminbi, or yuan's, exchange rate will be made in reference to a basket of currencies, the People's Bank of China (PBOC) said, adding that it marked the introduction of "a more flexible mechanism for the exchange rate's formation."

The central bank did not specify what currencies would be in the basket.

The central bank strengthened the exchange rate of the renminbi to 8.11 to the dollar, up from 8.28, where it had been fixed for years, it said in a surprise announcement on the State television evening news.

The change amounts to a 2 per cent appreciation of the renminbi.

The reform is "in the interests of the country's long-term, fundamental interests," the central bank said in a separate statement.

Pursuing a more flexible, market-based foreign exchange system has been on the agenda for the country's economic reform.
Page: 1234



Typhoon Haitang floods coastal areas
Wholesalers at vegetable market in Nanjing
Typhoon Haitang causes huge losses to Wenzhou
  Today's Top News     Top China News
 

China abolishes yuan-dollar peg, adopts floating rate

 

   
 

US$3.1b deals inked to buy 20 Airbus A330s

 

   
 

London hit again by terror blasts

 

   
 

China affirms 'no first use' nuke policy

 

   
 

Ship sinks, 9 Chinese missing off Japan coast

 

   
 

Power plants pushed to boiling point

 

   
  Premarital checks ensure healthy babies
   
  China abolishes yuan-dollar peg, adopts floating rate
   
  China affirms 'no first use' nuke policy
   
  Power plants pushed to boiling point
   
  Joint US-China mission tackles illicit driftnet fishing
   
  Beijingers get a say in next 5-year plan
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 日韩美女在线视频 | 久久久久久九九九九九 | 久久久久久91香蕉国产 | 亚洲国产精品久久久久 | 国产一线二线在线观看 | 免费在线看黄色 | 视频一区二区三区在线观看 | 精品国产97 | 日韩一区二区三区在线播放 | 精品国产网 | 老牛影视av一区二区在线观看 | 18性xxxxx性猛交 | 午夜第一页 | 在线中文字幕日韩 | 日韩国产一区 | 操碰av | 69av在线视频 | 国产传媒在线播放 | 国产欧美精品区一区二区三区 | 亚洲网在线观看 | 久久不卡一区 | 日韩在观看线 | 毛片视频免费观看 | 国产日韩在线观看视频 | av免费资源 | 国产又粗又长免费视频 | 四虎综合 | 欧美天堂一区 | 黄色片一区二区三区 | 精品日韩中文字幕 | 五月婷婷综合在线 | 午夜视频在线观看免费视频 | 久久三| 五月婷婷开心网 | 国产毛片av| 亚洲精品9999 | 天天操天天做 | 久久久久黄色片 | 午夜天堂精品 | 国产精品97 | 玖玖玖影院 |