www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

BIZCHINA> News
Rising yuan not linked to Hu's US trip: c.banker
(Reuters)
Updated: 2006-03-18 16:30

Chinese President Hu Jintao's planned visit to the United States next month is not determining the quickening appreciation of the yuan, Wu Xiaoling, a deputy governor of the People's Bank of China, said on Saturday.

Asked by Reuters on the sidelines of a financial forum whether China would let the yuan rise faster ahead of Hu's trip, expected in late April, she said: "As Wen Jiabao has said, there is no link. We will use market means."

Rising yuan not linked to Hu's US trip: c.banker
A bank clerk counts Renminbi in a bank in Haian, eastern China's Jiangsu province, March 15, 2006. China's yuan scored its biggest one-day gain to the dollar on Wednesday since its July revaluation after Premier Wen Jiabao ruled out a further one-off revaluation of the local currency yesterday. [China Daily]
Chinese Premier Wen, on Tuesday ruled out a further one-off revaluation and said the yuan would fluctuate according to market forces.

Wu said later in a speech to the forum that China needed to keep tweaking its policies to reduce the external payments imbalances that caused its foreign currency reserves to balloon to $819 billion at the end of 2005, second only to Japan's.

"China should continue to make adjustments to its foreign exchange policy of relaxed inflows combined with strict outflows, which is the source of excessive increases in foreign exchange reserves," she said.

Wu also said China would continue to promote overseas investment. Chinese companies spent more than $6 billion abroad in 2005 as Beijing encouraged firms to "go forth" in search of natural resources and markets.

The authorities would also redouble their efforts to cut off what Wu called the "irrational" supply of foreign exchange -- a reference to inflows that circumvent China's capital controls in order to speculate on property or a rise in the yuan.

The yuan gained 0.24 percent this week -- a weekly record since it was revalued by 2.1 percent on July 21 and cut free from an 11-year old dollar peg and allowed to float within tightly managed bands.

It has risen a total of 0.98 percent since then, far from enough to satisfy critics in Washington.

They say the yuan is so undervalued that it gives Chinese products an unfair advantage in U.S. markets, costing millions of lost American jobs and fuelling a record bilateral trade gap.

U.S. Senator Charles Schumer, a New York Democrat, and Sen. Lindsey Graham, a South Carolina Republican, will head to Beijing next week to hear firsthand what China is doing about its currency, before making a final decision on a bill threatening the country with a 27.5 percent import tariff.

Officials have repeatedly said that China will gradually let the yuan move more freely but that it must first develop the infrastructure of its foreign exchange market so banks and firms can hedge the risks that come with greater volatility.

To that end, Wu said China would roll out more currency derivative products as well as forward rate agreements. These let two parties manage their risk exposure by fixing a future interest rate today.


(For more biz stories, please visit Industries)
主站蜘蛛池模板: 免费观看三级毛片 | 成年男女免费视频网站 | 成人一级片 | 日韩一级在线播放免费观看 | 成人18网站 | 久草在线视频看看 | 国产成人a一在线观看 | 一级毛片不卡免费看老司机 | 亚洲精品午夜久久久伊人 | 国产欧美日韩中文久久 | 久久频这里精品香蕉久久 | 亚洲精品成人7777在线观看 | 免费观看欧美一级特黄 | 农村三级孕妇视频在线 | 欧美久久亚洲精品 | 99秒拍福利大尺度视频 | 国产一级久久久久久毛片 | 草久在线观看视频 | 免费观看呢日本天堂视频 | 中文国产成人精品久久一 | 极品美女写真菠萝蜜视频 | 欧美亚洲日本国产综合网 | 国产精品一区二区三区高清在线 | 精品无码三级在线观看视频 | 日本毛片在线观看 | 国产日韩欧美三级 | 国产高清自拍视频 | 亚洲 欧美 成人日韩 | aaa毛片免费观看 | 国产精品亚洲精品一区二区三区 | 日韩一区二区三区在线免费观看 | 伊人网在线免费视频 | 久久色国产 | 国产综合久久一区二区三区 | theav视频在线观看 | 亚洲视频在线观看免费视频 | 日本久久草 | 久艹视频在线观看 | 波多野结衣一级视频 | 青青草国产免费一区二区 | 韩国免费播放一级毛片 |