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

   

RMB gains before US Treasury Secretary's visit
(chinadaily.com.cn)
Updated: 2006-09-19 16:29

China's currency witnessed a remarkable gain on Tuesday, nearing the 7.90 thresholds to the US dollar, one day before American Treasury Secretary Henry Paulson's visit.

The yuan, also called Renminbi, rose 0.14 percent to 7.9350 against the dollar at 2:28 pm. at the foreign exchange transaction market in Shanghai, according to data Bloomberg compiled.

The People's Bank of China, the central bank, set the central parity rate, the level from which the market rate will be allowed to move 0.3 percent on either side in the coming trading day, at 7.9342, up from 7.9431 on Monday.

The value of the yuan, a focus of the world financial markets, has gained another 2 percent since Beijing replaced a peg to the US dollar with a managed float on July 21, 2005.

Financial market analysts have linked the jump of the yuan to Paulson's first visit to China in his capacity as US financial secretary.

"China is paying its respects to an important visitor,'' Bloomberg quoted Hideki Hayashi, a currency strategist in Tokyo at Shinko Securities Co. as saying. "The authorities want to display a policy that has and will allow for a continued gradual appreciation."

The effect of changes to exchange-rate policy "will be felt over time," the central bank Governor Zhou Xiaochuan said in Singapore on Tuesday in an address to the International Monetary Fund.

Earlier, he told reporters in Singapore that China's currency reform must be kept in a "gradual, effective and controllable" manner.

US lawmakers have blamed a weak yuan for an influx of Chinese imports, leading to a record US$201.6 billion trade deficit in 2005, and manufacturing job losses.Beijing scholars have countered that inexpensive Chinese goods have helped improve the living quality of ordinary American households, keep down inflationary pressure, and contribute to American economic boom.

However, US Senators Charles Schumer and Lindsey Graham are requesting a vote in the Senate before the end of this month on a bill to slap a 27.5 percent punitive tariff on Chinese imports.

Paulson has said the yuan's value is a "symbol of unfair competition" and a stronger currency is in the best interest of China because it would help cool export-driven economic growth.

"Paulson is taking a 'softly softly' approach," said Richard Yetsenga, a currency strategist at HSBC Holdings Plc in Hong Kong. "Some people think it's going to bring more success on the currency front, but the number one lesson we've seen from China is it's going to move at a speed it's comfortable with -- and that's slowly."

Policy makers from the Group of Seven nations who met in Singapore over the weekend said greater currency flexibility is "desirable in emerging economies with large current-account surpluses, especially China." The group dropped a call for currency appreciation.

"It's a story of evolution not revolution," Steve Rowles, a currency strategist at CFC Seymour Ltd., said in Hong Kong. "China's not going to do very much on its currency."

The yuan may strengthen to 7.85 by the end of year, Bloomberg quoted him as saying.

 
 

主站蜘蛛池模板: 美国毛片一级视频在线aa | 日本特黄特色大片免费看 | 国产成人久久综合热 | 日韩欧美成末人一区二区三区 | 免费观看成年人视频 | 三级午夜三级三点在看 | 九九热精品在线 | 欧美国产在线看 | 亚洲怡红院在线 | 日韩经典一区 | 国产图片亚洲精品一区 | 日本欧美韩国一区二区三区 | 男人的天堂久久爱 | 91亚洲精品在看在线观看高清 | 岛国午夜精品视频在线观看 | 女人张开腿让男人捅视频 | 国产高清在线不卡 | 国产欧美综合精品一区二区 | 欧美国产综合日韩一区二区 | 日韩美女毛片 | 日韩综合网站 | 午夜mm131美女做爰视频 | 亚洲男女视频 | 精品一区二区三区的国产在线观看 | 国产精品一在线观看 | 日韩欧美毛片免费观看视频 | 中国女人真人一级毛片 | 青青草国产一区二区三区 | 青草青99久久99九九99九九九 | 成人夜色香网站在线观看 | 国产在线观看免费 | 手机看片77v1 | 欧美日韩一区二区不卡三区 | 男女性男女刺激大片免费观看 | 女人张开腿让男人桶免费网站 | 久久精品视频网 | 午夜美女影院 | 黄色三级三级三级 | 性生活视频网 | 美女视频大全网站免费 | 国产一级生活片 |