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

RMB depreciation in recent weeks no reason for concern

(Xinhua) Updated: 2016-10-20 16:04

RMB depreciation in recent weeks no reason for concern

A clerk counts yuan bank notes and US dollar bills at a bank of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province, Nov 28, 2012. [Photo/IC]

BEIJING - The seemingly abrupt fall in the value of the Chinese currency against the US dollar in recent weeks is mostly due to a strengthening dollar and such pressure will remain in the short term.

However, there is no ground for concern that the Chinese yuan would embark on a one-way street of devaluation, given that the fundamentals of the Chinese economy are sound and the internationalization of the yuan has steadily moved forward.

In anticipation of the rate hike by the Federal Reserve in December, the US dollar index recently surged to its highest level since March.

Against such a backdrop, all the other major currencies haved headed lower, including the Chinese yuan.

But it is noteworthy that while the yuan exchange rate against the dollar has reached the lowest in six years, it is gaining value against other currencies.

According to a Bloomberg report dated Oct 17, the yuan slumped 0.8 percent against the greenback last week but rose 0.6 percent against a trade-weighted currency basket during the same period, registering its biggest advance in three months.

The Chinese currency has in the past experienced a long period of stable exchange rates and China's reform to make its exchange rate mechanism more market-oriented will probably see higher volatility for the yuan.

That said, recent depreciation of the?yuan against the dollar has only minimal impact on the domestic market and due to the strong macro-regulating capacity of the Chinese central bank, it is unlikely that the yuan will be mired in a messy devaluation.

Analysts believe that although the yuan will still be in a weaker position against the dollar in coming weeks, the room for continuing yuan depreciation is quite limited.

China has maintained a substantial surplus in its current account and it also has a huge foreign reserve. Meanwhile, its financial system is well-anchored compared to many other leading economies. Such factors decide that a long-term devaluation of the yuan is an unlikely scenario.

Moreover, the yuan's internationalization and China's ongoing endeavor to further open its financial markets will only bolster the currency.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精选91热在线观看 | 日日摸日日碰夜夜爽久久 | 亚洲国产精品网 | 亚洲欧美日韩成人一区在线 | 怡红院美国十次成人影院 | 亚洲一区二区三区不卡在线播放 | 亚洲精品一区专区 | 国产精品亚洲二区在线 | 三级网站视频在线观看 | 一级毛片中国 | 国产亚洲一区在线 | 日本久操| 美女国产在线观看免费观看 | 新版天堂资源中文在线 | 中文字幕99在线精品视频免费看 | 久久免费播放视频 | 欧美精品一区二区三区免费 | 欧美特黄一级高清免费的香蕉 | 一级特黄aaa大片在线观看 | 91国内精品久久久久怡红院 | 毛片免费视频网站 | 日韩欧美中文字幕在线观看 | 亚洲天堂二区 | 久久成人国产 | 国产妇乱子伦视频免费 | 丝袜精品 欧美 亚洲 自拍 | 日鲁夜鲁鲁狠狠综合视频 | 人人爽人人香蕉 | 国产一区二区在线视频 | 日本一级毛片中文字幕 | 欧美成人性色大片在线观看 | 国产国产成人精品久久 | 国产欧美日韩高清专区手机版 | 综合中文字幕 | 国产精品久久久久久影视 | 美女张开腿男人桶 | 中文字幕日韩一区二区不卡 | 天空在线观看免费完整 | 国产性自拍 | 欧美成人性生活视频 | 日本久久久久久 |