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 / Finance

Stability for yuan seen in long run

By WANG YANFEI (China Daily) Updated: 2016-10-20 07:57

Stability for yuan seen in long run

A photo of Chinese 100 yuan banknotes [Photo/VCG]

A strong dollar and external uncertainties are creating pressure for short-term depreciation of the yuan, but economic fundamentals will help stabilize the exchange rate in the long run, the spokesman for the National Bureau of Statistics said on Wednesday.

The onshore exchange rate rose for the first time in nine days after data on Wednesday showed that the nation's economic growth expanded by 6.7 percent year-on-year in the first three quarters of the year, easing some concerns of continued deprecation.

"Recent depreciation of the yuan was mainly driven by external factors, where rising expectations of interest rate hikes in the United States and uncertainties brought by the slowly recovering global economy played major roles," said Sheng Laiyun, spokesman for the NBS, "but the currency does not face medium- to long-term depreciation pressure."

"A steadily recovering economy would be the strongest support for a relatively stable exchange rate," he said, adding that a trade surplus would also fend off the risks of a further substantial depreciation.

Xu Gao, chief economist of China Everbright Securities Co, said the market has become accustomed to two-way volatility.

"Although the yuan has room for depreciation in the short run, it will not enter a depreciating path because recovery of the economy in the United States remains weak," Xu said.

Xu made the remarks after the yuan fell sharply versus the dollar in the past two weeks, following the yuan's inclusion in the Special Drawing Rights basket of the International Monetary Fund at the beginning of the month.

Market watchers expected a sharp depreciation soon after the SDR inclusion, considering that policymakers need to further liberalize the exchange rate controls.

Sheng said the SDR inclusion can help stabilize the exchange rate, since it will prop up the demand for the yuan in the international market.

"Central banks will raise the demand for the yuan after it becomes a reserve currency," said Sheng.

Bu Yongxiang, deputy director of the research institute of the People's Bank of China, the central bank, said the short-term impact brought by the SDR inclusion on exchange rate fluctuation will be minimal.

"The message is that it marks a new start for China in deepening reform in the financial sector and boosting capital-account convertibility, and further strengthens our exchange rate policy and makes it more market-oriented, flexible and transparent," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 一级做a爰片久久毛片看看 一级做a爰片久久毛片鸭王 | 亚洲日本在线观看 | 欧美成人鲁丝片在线观看 | 国产男人的天堂 | 日韩一级免费视频 | 久久久欧美综合久久久久 | 亚洲视频毛片 | 94欧美setu| 日韩亚洲欧美在线 | 日韩欧美亚洲每的更新在线 | 欧美激情精品久久久久久久久久 | 欧美精品自拍 | 在线观看日本免费视频大片一区 | 久久99久久99精品观看 | 亚洲一区二区三区精品影院 | 国产精品一级香蕉一区 | 中文国产成人精品久久96 | 亚洲精品国产专区一区 | 亚洲在线免费观看 | 亚洲综合网在线观看首页 | 国产高清亚洲 | 国产婷婷成人久久av免费高清 | 97国产成人精品免费视频 | 美国毛片在线观看 | 韩国精品一区视频在线播放 | 国产三级精品播放 | 精品视频一区在线观看 | a一级毛片 | 国产成人一区二区三区影院免费 | 亚洲www| 国产日韩一区二区三区 | 欧洲成人在线视频 | 久久久亚洲精品蜜桃臀 | 国产亚洲91 | 91热成人精品国产免费 | 欧美日韩美女 | 经典香港a毛片免费观看 | 好湿好紧好痛a级是免费视频 | 在线小毛片 | 国产美女一级视频 | 美女动作一级毛片 |