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

US EUROPE AFRICA ASIA 中文
Business / Economy

US urged to 'understand' yuan issue

By Gao Changxin in Shanghai and He Wei in Guangzhou (China Daily) Updated: 2014-04-17 08:46

US urged to 'understand' yuan issue

US hundred-dollar bills are counted next to stacks of 100-yuan notes in Huaibei, Anhui province. The central bank governor said the yuan's retreat has been largely "market-driven". AFP

Ministry says China will continue to reform exchange-rate system

China has responded to claims by the United States that the yuan's recent depreciation was the result of "large-scale intervention" by urging the US to "correctly understand and properly handle" the issue of the currency's exchange rate.

Hua Chun-ying, a spokeswoman for the Ministry of Foreign Affairs, told a regular news briefing in Beijing on Wednesday that the US should take a "constructive attitude" toward the matter and promote closer China-US economic and trade ties. She added that China will continue to reform its exchange-rate formation mechanism.

In its semi-annual report to Congress, the US Department of the Treasury said that the yuan's recent depreciation "would raise particularly serious concerns" if it was a signal of a change in China's policy of scaling back intervention and letting market forces play a bigger role.

US urged to 'understand' yuan issue
US Treasury declines to name China as currency manipulator 

US urged to 'understand' yuan issue
"There are a number of continuing signs that the exchange-rate adjustment process remains incomplete and the currency has further to appreciate," the Treasury said.

The report didn't name any country as a currency manipulator.

The Treasury acknowledged that the widening of the yuan's trading band last month gives China the opportunity to allow the market to play a greater role in determining the exchange rate.

Chen Xuebin, a professor at Fudan University in Shanghai who specializes in foreign exchange issues, said that a wider trading band for the Chinese currency and the US phasing-out of quantitative easing contributed to the yuan's recent weakening.

PBOC Governor Zhou Xiaochuan told reporters in Beijing last month that the yuan's retreat had been largely "market-driven".

Liu Dongliang, a Shenzhen-based senior analyst with China Merchants Bank Co Ltd, wrote in a report that the yuan's short-term trend hinges on the movement of the dollar and economic data from the US.

In the medium term, he added, the yuan still has strong momentum to appreciate, given that the interest rate gap between the two countries is still "attractive". He forecast that the yuan will appreciate 3 to 5 percent against the dollar over the next six to 12 months.

Li Wei, chief economist at Standard Chartered Plc, said that the yuan's valuation in the short run depends on the strength of the Chinese economy. "It is hard to see upward momentum before key economic readings bounce back and market confidence is restored," Li said. "But, in general, the yuan will largely stabilize over time," he said.

A weaker yuan is helping Chinese exporters, especially smaller ones such as Zhejiang Zhuguang Group Christmas Lighting Co Ltd, which exports festival decorations to Europe and North America.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲国产老鸭窝一区二区三区 | 俺来也俺来也天天夜夜视频 | 久久久久久青草大香综合精品 | 曰本女同互慰高清在线观看 | 国产a级三级三级三级 | 欧美—级v免费大片 | 婷婷色九月综合激情丁香 | 欧美性夜欢 | 美女视频黄a视频免费全程 美女视频黄a视频免费全过程 | 欧美日韩国产一区二区三区在线观看 | 成年男女拍拍拍免费视频 | 亚洲一级毛片视频 | 亚洲国产国产综合一区首页 | 亚洲成人综合在线 | 欧美在线观看视频一区 | 欧美日韩综合网在线观看 | 亚洲韩国欧美一区二区三区 | 欧美一区二区三区免费 | 久草国产在线观看 | 特级a欧美做爰片毛片 | 日本成人午夜 | 免费看v片网站 | 久久精品爱 | 免费午夜扒丝袜www在线看 | 成年男女免费视频 | 日韩中文字幕在线亚洲一区 | 欧洲性大片xxxxx久久久 | 亚洲精品一区二三区在线观看 | 国产精品久久久久久久网站 | 国产成人精品综合在线观看 | 国产精品久久久久影院色 | 欧美 另类 精品一区视频 | 欧美日韩亚洲国内综合网俺 | 国产日产欧产精品精品推荐小说 | 亚洲 欧美 日韩 在线 中文字幕 | 中国性孕妇孕交在线 | 末成年娇小性色xxxxx | 亚洲国产韩国一区二区 | 全免费a级毛片免费看不卡 全免费毛片在线播放 | 国产成人午夜性视频影院 | 宫女淫春3在线观 |