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: 日本三级欧美三级 | 91色视| 成人午夜影院在线观看 | 97超级碰碰碰免费公开在线观看 | 国产午夜永久福利视频在线观看 | 高清性做爰免费网站 | 美女黄18 | 国产成人香蕉在线视频网站 | 免费看a级肉片 | 三级全黄的视频 | 国产一区二区三区日韩欧美 | 另类综合视频 | 国产高清美女一级a毛片久久 | 亚洲另类在线视频 | 日本一视频一区视频二区 | 91久久精品国产91久久性色tv | 国产精品亚洲二线在线播放 | 中文字幕一区二区三区视频在线 | 久久久精品一区 | 男人毛片| 日韩欧美在线视频观看 | 日本一区二区三区不卡在线视频 | 一级免费视频 | 国产手机看片 | 亚洲人成网站观看在线播放 | 国产大乳喷奶水在线看 | 久久视频精品线视频在线网站 | 午夜宅宅宅影院在线观看 | 中文字幕成人免费高清在线 | 欧美一级在线观看 | 国产高清美女一级毛片久久 | 日本人在线看片 | 日日干日日操日日射 | 久久精品国产99久久6动漫欧 | 欧美日本道免费一区二区三区 | 久9这里精品免费视频 | 免费一级美国片在线观看 | 国产一区二区中文字幕 | 狠狠色丁香久久综合网 | 午夜日韩视频 | 日美三级|