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: 国产免费视屏 | 免费国产成人午夜在线观看 | 久久久久久毛片免费观看 | 91久久国产露脸精品 | 老司机一级片 | 欧美成人性动漫在线观看 | 午夜宅男宅女看在线观看 | 欧美在线视频一区二区 | 久久精品视屏 | 久久国产亚洲 | 日日干日日操日日射 | 在线免费观看一级片 | 日韩欧美一区二区三区久久 | 久久99热精品免费观看欧美 | 免费观看国产网址你懂的 | 美国三级毛片 | 777色狠狠一区二区三区 | 中文字幕一级 | 欧美日韩中文一区二区三区 | 日本又黄又爽又免费 | 精品国产一区二区三区2021 | 亚洲超大尺度激情啪啪人体 | 久草网视频 | 国产黄色小视频在线观看 | 九九99久久 | 欧美综合图片一区二区三区 | 日韩中文字幕网 | 国产三级香港在线观看 | 亚洲欧美另类在线视频 | 国产成人精品福利网站在线 | 久久久久久网址 | 亚洲免费不卡 | 午夜宅男在线永久免费观看网 | 91国内在线 | 久久久免费精品视频 | 深夜福利视频在线观看免费播放 | 亚洲gogo人体大胆西西安徽 | 婷婷色九月综合激情丁香 | 在线日本看片免费人成视久网 | 中国美女一级看片 | 成人亚洲国产 |