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 / Top Biz News

US welcomes rise in China currency
(AP)
Updated: 2006-05-16 06:18

The United States, which has been coping with a record-high trade deficit with China, welcomed the rise in that country's currency, called the yuan or the renminbi.


A clerk at an foreign currency exchange desk at a hotel shows Chinese yuan banknotes in Shanghai, China, in this July 22, 2005 file photo. China's official exchange rate rose Monday, May 14, 2006 to 7.9982 yuan per US dollar, its highest level since a revaluation in July, the government said. [AP]

"Greater flexibility in China's exchange rate is something we've long advocated," Treasury Department spokesman Tony Fratto said Monday in response to the appreciation in yuan.

China's official exchange rate broke through the psychologically important 8 yuan per US dollar level Monday, its highest level in more than a decade. Traders were hopeful the move may signal Beijing's willingness to allow its currency to appreciate faster.

Any evidence of greater exchange-rate flexibility "is something we certainly welcome," Fratto said.

The Bush administration has been prodding Beijing to let its currency float more freely with market forces.

US manufacturers say China is keeping its currency artificially low, making Chinese goods cheaper in the United States and US-made goods more expensive in China.

American manufacturers say the current system has hurt exports from the US and contributed to the loss of US factory jobs.

Sen. Chuck Schumer, D-N.Y., called Monday's movement in the yuan "good news but only if it portends further movement."

Bowing to pressure, China announced last July that it would stop linking the yuan to the dollar. Although the United States applauded the move at that time, it has repeatedly said China needs to do more to revamp its currency practices.

Last week the Treasury Department in a report to Congress complained that China is moving too slowly to revamp its currency system. However, the administration declined to brand the country a currency manipulator — a decision that irked manufacturers, labor unions and other critics.

If the administration had made a finding that China was manipulating its currency to gain an unfair trade advantage, that would have triggered talks between the two countries. China also might have faced trade sanctions.


(For more biz stories, please visit Industry Updates)

 
 

主站蜘蛛池模板: 91资源在线 | 成年人视频免费网站 | 天天爽夜夜操 | 伊人精品视频 | 波多结衣一区二区三区 | 91精品一区二区三区在线播放 | 久久小视频 | 午夜欧美成人 | 亚洲在线一区二区三区 | 国产精品情侣久久婷婷文字 | 成人软件网18免费视频 | 男女视频在线观看免费 | 国产欧美在线视频 | 国产精品久久久久久久久久久久 | 特级一级毛片视频免费观看 | 欧美深夜在线 | 亚洲天堂在线视频播放 | 欧美大片aaa | 欧美一区二区在线观看免费网站 | 精品在线免费观看 | 国产3级在线观看 | 91看片淫黄大片欧美看国产片 | 久久天天躁综合夜夜黑人鲁色 | 成年人精品视频 | 成人性一级视频在线观看 | 亚洲精品一区二区四季 | 国产亚洲欧美在线视频 | 深夜福利视频网站 | 日本男人的天堂 | 欧美一区二区三区视视频 | 99精品在线视频观看 | 欧美自拍视频 | 最新最好看免费毛片基地 | 成年女人在线观看片免费视频 | 国产精品成人观看视频网站 | 亚洲人成影院午夜网站 | 麻豆视频一区 | 亚洲精品一区二区在线播放 | 亚洲欧洲国产成人精品 | 成年美女黄网站色视频大全免费 | 国产成人在线视频 |