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

   

Yuan hits new high against dollar

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-06-13 17:36

China's currency hit a new high against the American dollar on Wednesday amid rising and raucous calls in the United States' congress to increase the value of the yuan more quickly.

Before trading started on Wednesday morning, the People's Bank of China set the midpoint at 7.6282, breaking the 7.63 barrier for the first time since China ended the peg to the US dollar on July 2005. The yuan is allowed to move 0.5 percent up or down the midpoint in a day.

The record high central parity rate came after the yuan posted the largest daily gains in two years, rising 0.26 percent to 7.6436 against US dollar on Tuesday.

Analysts attributed the faster appreciation partly to a due US Treasury Department report scheduled to be released Wednesday. The semi-annual evaluation of exchange-rate manipulation may increase pressure for faster revaluation, according to analysts.

Hours after the report is unveiled, US lawmakers plan to introduce legislation to push China to loosen controls on the yuan, reports said.

Special coverage:
Markets Watch
Interest Rate Hike
 

Related readings:
 Expert: China should limit pace of yuan rise
 Forcing fast RMB rise will be lose-lose situation
 Sharp rise of yuan may cost millions of jobs
 
Wu: Large yuan appreciation would hurt China

The analysts also pointed to two other factors: The Consumer Price Index, a key measure of inflation, hit a two-year high of 3.4 percent in May, raising the possibility of an interest rates hike, and the country's trade surplus soared 73 percent to US$22.45 billion in May.

They expect the yuan to breach the 7.60 mark against the US dollar at the end of month as the US increases pressure. Some US lawmakers and businesses accuse China of keeping the yuan artificially low to give its exports an unfair advantage.

Concerned about rising tensions with major trading partners, as well as a potential slump in world economy, which will result in fewer demands for Chinese products, China has been taking measures to boost domestic consumption to reverse the over-reliance on exports.

In May, China's retail sales rose 15.9 percent from a year earlier to 715.8 billion yuan, the fastest pace in three years, said the National Bureau of Statistics on Wednesday. The increase came on top of a 15.5 percent gain in April.

The growth was mainly driven by rising incomes and a booming stock market which has soared more than 50 percent so far this year after a 130 percent rally in 2006.

Sales in the country will grow about 14 percent this year, the Ministry of Commerce said earlier this month. China will probably surpass Japan by 2010 to become the world's second-largest consumer goods market after the US, Vice Premier Wu Yi said on May 24.



(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 亚洲日本韩国在线 | 日本韩国一级毛片中文字幕 | 亚洲综合精品 | 欧美日韩精品国产一区在线 | 国产97视频 | 欧美精品v日韩精品v国产精品 | 欧美在线观看不卡 | 亚洲国产日韩欧美高清片a 亚洲国产日韩欧美在线 | 欧美三级成人观看 | 国产一区二区在线 |播放 | 国产一级特黄aa级特黄裸毛片 | 日本韩国一级片 | 国产色手机在线观看播放 | 日本老熟妇激情毛片 | www色在线| 国产日韩精品一区二区三区 | 特级a欧美孕妇做爰片毛片 特级a欧美做爰片毛片 | 久久手机视频 | 99精品国产高清一区二区三区香蕉 | 国产在线观看免费一级 | 久久国产国内精品对话对白 | 欧美日本一道高清二区三区 | 高清日本无a区 | 搞黄网站免费看 | 手机看片神马午夜片 | 成人欧美日韩视频一区 | 99精品免费久久久久久久久日本 | 亚洲国产系列久久精品99人人 | 国产免费一区二区三区免费视频 | 欧美成人性动漫在线观看 | 草在线视频 | 成年人免费视频网站 | 国产精品尹人在线观看免费 | 精品免费在线视频 | 精品欧美一区视频在线观看 | 亚洲精品久久玖玖玖玖 | 一级a做爰片欧欧美毛片4 | 免费看一级视频 | 成人高清视频在线观看 | 欧美黑人巨大最猛性xxxxx | 久久高清精品 |