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

   

CHINA / National

EU backs China's gradual yuan moves
(Bloomberg)
Updated: 2006-04-04 07:36

The European Commission backed China's policy of switching to a more flexible exchange-rate system at its own pace, rebuffing U.S. calls for faster steps to boost the yuan, according to a confidential document.

The commission, the European Union's Brussels-based economic watchdog, warned that sudden moves to strengthen the Chinese yuan as demanded by some U.S. officials could further weaken the dollar against the euro.

"China should introduce greater exchange-rate flexibility in a gradual manner," according to a document obtained by Bloomberg News. A gradual move would lessen the risk of the dollar, euro and Japanese yen "overshooting" on the markets.

The U.S. is pushing for a more flexible exchange-rate system to boost American exports and erode the U.S. trade gap with China. U.S. officials complain that China keeps the yuan, a denomination of the renminbi, artificially depressed so Chinese products are cheap in the marketplace.

The yuan has appreciated 1 percent against the dollar since China on July 21 replaced a decade-long peg to the dollar with a basket of currencies and let its exchange rate rise 2.1 percent immediately.

No. 1 Customer

The U.S. is the biggest market for the 12 European countries using the euro. European exports of 184.8 billion euros ($223 billion) to the U.S. last year dwarfed exports to China of 43.5 billion euros. Europe's trade deficit with China, at 74.1 billion euros in 2005, was less than half the U.S. level.

"An abrupt de-pegging of the renminbi, and possibly other Asian currencies, from the dollar could give rise to a sudden reversal of Asian capital flows into the U.S., which might risk an excessive additional downward movement of the dollar against the euro," said the commission document, which was prepared for an April 6 meeting of European finance ministers in Vienna.

Finance chiefs from Asian countries including China and Japan will meet the EU ministers on April 7 and 8.

"The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening," said Sabrina Jacobs, a currency strategist at Dresdner Kleinwort Wasserstein in London.

The euro bought $1.2063 at 3:15 p.m. Brussels time, compared with an average of $1.2453 last year.
Page: 123

 
 

主站蜘蛛池模板: 国产美女又黄又爽又色视频免费 | 国内精品久久久久久久aa护士 | 国产区网址| 在线视频 中文字幕 | 亚洲欧美日韩精品久久久 | 久久精品无遮挡一级毛片 | 国产天堂 | 亚洲一区二区三区高清网 | 国产片一级片 | 在线成人97观看 | 精品一久久香蕉国产线看播放 | 欧美 日韩 国产 成人 在线观看 | 成年人在线免费观看网站 | 在线看免费观看韩国特黄一级 | 欧美生活片在线 | 欧美成人精品高清在线播放 | 草草影院地址 | 韩国一级毛片在线观看 | jk制服福利在线播放 | 中国美女隐私无遮挡免费视频 | 男人透女人超爽视频免费 | 国产精品无码久久av | 亚洲国产精选 | 免费国产精品视频 | 欧美精品在线视频 | 久久y| 国产美女视频做爰 | 国产资源精品一区二区免费 | 日本在线观看不卡免费视频 | 在线观看国产一级强片 | 亚洲午夜大片 | a级欧美片免费观看 | 中国一级做a爰片久久毛片 中日韩欧美一级毛片 | 欧美最大成人毛片视频网站 | 国内精品亚洲 | 亚洲欧美国产一区二区三区 | 国产成人yy精品1024在线 | 欧美成人精品大片免费流量 | 欧美一区二区三区免费播放 | 欧美激情成人网 | www.黄色免费网站 |