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 / Markets

PBOC vice governor: China has confidence and patience in yuan

(chinadaily.com.cn) Updated: 2016-02-29 11:29

PBOC vice governor: China has confidence and patience in yuan

People's Bank of China Deputy Governor Yi Gang attends a conference during the 2016 IIF G20 Conference at the financial district of Pudong in Shanghai, China, February 25, 2016. [Photo/Agencies]

The market should not overreact to the Chinese currency renminbi, or the yuan's, fluctuation, said Yi Gang, vice governor of China's central bank.

He?made the remarks during an interview with the Xinhua News Agency on Sunday, after the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai.

The exchange rate mechanism is one of the topics of the two-day meeting, Yi said, adding that the wording used in the meeting's communique, such as "we will consult closely on exchange markets," is unprecedented, highlighting the attention paid by the members to recent exchange rates’ volatility.

The meeting sent a clear signal that the group will "refrain from competitive devaluations," which will help alleviate concerns over a "currency war," Yi said.

In terms of the yuan exchange rate, Yi said, although the yuan's flexibility has increased, its fluctuation range is still smaller than many other currencies in developed economies, and much less than emerging markets. "Markets should not overreact to the yuan's fluctuation", he said.

Speaking on concerns over capital outflow, Yi said the recent drop in China's foreign exchange (FX) reserves was mainly due to a rise of FX assets in residential accounts and a reduction of FX liabilities, which are not likely to last for long.

Yi added that the yuan exchange rate was also affected by some short-term speculations. "We have full confidence in the yuan's fundamentals and believe that the yuan exchange rate fluctuation will be based on its fundamentals, rather than short-term expectations," the vice-governor said, adding that China has patience in this aspect.?

The meeting has reached three consensuses on the global economy, Yi said.

First, global economic risk is accelerating, which makes G20 members work together to increase policy communication and coordination.

Second, the market should not be overly pessimistic. G20 members recognized that there are growing concerns of further downward risks; meanwhile, fundamentals of the global economy are not too bad. The financial market is probably overreacting, and may be too pessimistic.

Third, G20 members should work together to strengthen global economic recovery.

Xinhua contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲二区在线 | 在线视频 亚洲 | 国产亚洲精品一品区99热 | 宅女深夜福利视频在线 | 国产亚洲综合精品一区二区三区 | 国产一级大片在线观看 | 久久久久国产精品免费网站 | 日本加勒比在线 | 国产性自拍 | 亚洲一级片免费看 | 久久怡红院亚欧成人影院 | 美女黄视频免费观看 | 黑人边吃奶边扎下面激情视频 | 亚洲高清免费视频 | 日韩欧美中文字幕在线视频 | 国产高清自拍一区 | 一区二区三区在线免费视频 | 免费一区二区三区 | 亚洲社区在线观看 | 久久九九热视频 | 日韩一级片免费看 | tom影院亚洲国产日本一区 | 久久综合色88 | 一区二区三区四区在线视频 | 久久精品一区二区影院 | 亚洲在线观看免费视频 | 精品久久久久久亚洲 | 精品网址| 中国美女一级黄色片 | 8888奇米四色在线 | 亚洲国内精品 | 国产午夜在线观看视频播放 | xxxwww黄色 | 国产观看在线 | 日本免费人成黄页在线观看视频 | 国产欧美日韩一区 | 中文字幕一区2区 | 久久成人网18网站 | 国产三级a三级三级午夜 | 欧美午夜不卡 | 久久久影院|