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> Banking
'RMB's rise should be controlled'
By Xu Binglan (China Daily)
Updated: 2007-03-05 09:10

China should combat speculation over therenminbi's appreciation by controlling the pace of the currency's rise in value, said Justin Lin Yifu, a well-known economist.

If the currency is allowed to appreciate, the exchange rate's annual change should be less than 3 percent, Lin, a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee, told China Daily in an exclusive interview.

'RMB's rise should be controlled'
Chinese economist Justin Lin Yifu speaks to journalists upon arriving at the Great Hall of the People to attend the opening of the Chinese People's Political Consultative Conference in Beijing on Saturday, March 3, 2007. [CRIENGLISH.com]
'RMB's rise should be controlled'
"We should stick to the approach of ensuring adjustments (to the yuan's exchange rate) are small in scale and bearable," said Lin, a professor at Peking University.

The annual lending rate in the international market is about 5 percent, while the renminbi's annual interest rate for savings is 2 percent, so a 3 percent or bigger increase in the yuan's value would make speculative activities aimed at appreciation profitable, Lin said.

In July 2005, China abandoned the renminbi's decade-old peg to the US dollar and allowed its currency to appreciate by 2.1 percent. Since then, the yuan has gained almost another 5 percent against the dollar.

However, the United States blames its colossal trade deficit on what it claims is a seriously undervalued renmibi and has been pressing China to allow for a bigger revaluation.

Noises from the US, together with China's swelling trade surplus, have encouraged speculators to bet that the renminbi will appreciate at a quicker pace.

Lin said a major cause of the 70 percent annual increase in China's trade surplus last year was cheating traders who falsified the prices of the goods they traded, aiming to cash in on speculative profits from a rising renminbi.


(For more biz stories, please visit Industries)

   Previous page 1 2 Next Page  

主站蜘蛛池模板: a级高清免费 | 国产三及 | 99久久亚洲| 欧美成人怡红院在线观看 | 毛片毛片毛是个毛毛片 | a欧美| 欧美老妇免费做爰视频 | 一个人看的www片免费视频中文 | 久久久久亚洲国产 | 国产三级精品三级国产 | 久久久精品久久视频只有精品 | www.91免费视频 | 黄色大片三级 | 亚洲精品第五页中文字幕 | 美女国产在线观看免费观看 | 韩国美女爽快一毛片免费 | 免费毛片全部不收费的 | 一本久久综合 | 日韩视频欧美视频 | 欧美高清在线精品一区二区不卡 | 精品久久久久久无码中文字幕 | 亚洲国产三级在线观看 | 国产免费一级在线观看 | 亚洲毛片在线免费观看 | 国产一区亚洲二区三区 | 亚洲一区 欧美 | 特级黄色毛片视频 | 欧美日韩一区在线观看 | 在线日韩欧美一区二区三区 | 久久久国产精品福利免费 | 99久久精品男女性高爱 | 精品在线小视频 | 成人亲子乱子伦视频 | 999热精品这里在线观看 | 男女乱淫视频 | 国产欧美日韩图片一区二区 | 成人免费视频日本 | 欧洲成人全免费视频网站 | 一区二区在线播放福利视频 | 三级国产在线观看 | 日本不卡一区在线 |