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

   

BIZCHINA / Top Biz News

US welcomes rise in China currency
(AP)
Updated: 2006-05-16 06:18

The United States, which has been coping with a record-high trade deficit with China, welcomed the rise in that country's currency, called the yuan or the renminbi.


A clerk at an foreign currency exchange desk at a hotel shows Chinese yuan banknotes in Shanghai, China, in this July 22, 2005 file photo. China's official exchange rate rose Monday, May 14, 2006 to 7.9982 yuan per US dollar, its highest level since a revaluation in July, the government said. [AP]

"Greater flexibility in China's exchange rate is something we've long advocated," Treasury Department spokesman Tony Fratto said Monday in response to the appreciation in yuan.

China's official exchange rate broke through the psychologically important 8 yuan per US dollar level Monday, its highest level in more than a decade. Traders were hopeful the move may signal Beijing's willingness to allow its currency to appreciate faster.

Any evidence of greater exchange-rate flexibility "is something we certainly welcome," Fratto said.

The Bush administration has been prodding Beijing to let its currency float more freely with market forces.

US manufacturers say China is keeping its currency artificially low, making Chinese goods cheaper in the United States and US-made goods more expensive in China.

American manufacturers say the current system has hurt exports from the US and contributed to the loss of US factory jobs.

Sen. Chuck Schumer, D-N.Y., called Monday's movement in the yuan "good news but only if it portends further movement."

Bowing to pressure, China announced last July that it would stop linking the yuan to the dollar. Although the United States applauded the move at that time, it has repeatedly said China needs to do more to revamp its currency practices.

Last week the Treasury Department in a report to Congress complained that China is moving too slowly to revamp its currency system. However, the administration declined to brand the country a currency manipulator — a decision that irked manufacturers, labor unions and other critics.

If the administration had made a finding that China was manipulating its currency to gain an unfair trade advantage, that would have triggered talks between the two countries. China also might have faced trade sanctions.


(For more biz stories, please visit Industry Updates)

 
 

主站蜘蛛池模板: 美女视频网站永久免费观看软件 | 欧美a免费| 三级精品在线观看 | 欧美日韩国产综合一区二区三区 | 国产视频a | 亚洲成人免费在线 | 男人和女人在床做黄的网站 | 一个人看的日本www的免费视频 | 91香蕉国产线在线观看免费 | 一级a毛片免费观看 | 欧美一级棒 | 国产国产人免费人成成免视频 | 高清视频一区 | 性刺激免费视频观看在线观看 | 免费又黄又爽又猛大片午夜 | 国产免费一级视频 | 日日操干 | 99国产福利视频在线观看 | 中文精品久久久久国产网址 | aaa级精品久久久国产片 | 不卡无毒免费毛片视频观看 | 巨大热杵在腿间进进出出视频 | 免费逼片| 日本三级成人午夜视频网 | 日韩久久免费视频 | 国产精品成人不卡在线观看 | 久久亚洲国产午夜精品理论片 | a黄网站| 99久久精品国产片久人 | 免费一级毛片在线播放放视频 | 精品国产三级a∨在线观看 精品国产三级a在线观看 | 成人在线免费播放 | 日韩精品在线一区 | 久久久久久免费视频 | 男女毛片免费视频看 | 一 级做人爱全视频在线看 一本不卡 | 米奇久久 | 亚洲欧美日韩另类精品一区二区三区 | 亚洲另类激情综合偷自拍 | 在线观看视频一区二区三区 | 中国美女牲交一级毛片 |