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 stops encouraging exporters to remit forex

(Reuters)
Updated: 2007-07-10 08:31

China has scrapped a set of rules that provided incentives for exporters to bring home as much foreign currency as they could, signifying another step in its efforts to ease capital inflows.

In the wake of the Asian financial crisis in the late 1990s, China introduced a series of measures encouraging exports and inflows of foreign exchange, to help boost its financial footing.

Its capital and current account surpluses have since soared, and the central government is now trying to reverse the situation to ease the upward pressure on the yuan created by such inflows.

The State Administration of Foreign Exchange (SAFE) said on Monday that it had rescinded, as of July 1, a set of rules dating back to 1999 that had provided incentives for exporters to exchange their forex earnings with banks in a timely manner, as well as punishments for those that did not.

The agency said that while the rules had been appropriate at the time and played a big role in encouraging the country's accumulation of foreign exchange, they were now being cancelled "in line with the present needs of economic development".

The rules had allowed for preferential treatment in customs procedures and bank lending for export firms with good track records in remitting foreign exchange, and penalties as severe as revoking of export licenses for the worst offenders.

The removal of such incentives complements initiatives to encourage capital outflows, such as the Qualified Domestic Institutional Investor (QDII) scheme, which allows financial institutions to invest client funds overseas.

Economists say that with massive inflows of foreign currency from the trade surplus and investment, it will be increasingly difficult for the central bank to control growth in money supply if it continues to attempt to keep the yuan from appreciating too sharply.

The foreign exchange regulator has accordingly been adjusting its supervision of capital flows, stepping up oversight of speculative inflows betting on yuan appreciation while also making it easier for companies with good track records.

To that end, SAFE last year earmarked 5,300 firms as "needing special attention" -- meaning they were suspected of dealing in "hot money" through disguised trade flows.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产边打电话边做对白刺激 | 97国内免费久久久久久久久久 | 自拍偷自拍亚洲精品一区 | 97超频国产在线公开免费视频 | 久久女厕一次看个够 | 亚洲精品区一区二区三区四 | 牛人盗摄一区二区三区视频 | 久久性感视频 | 久草在线最新视频 | 亚洲精品久久久久影 | 在线观看亚洲免费视频 | 亚洲 欧美 日韩 丝袜 另类 | 欧美性色生活片免费播放 | 午夜性爽爽爽 | 日本免费人成黄页网观看视频 | 亚洲人成网7777777国产 | 日韩在线视频线视频免费网站 | 91精品欧美一区二区三区 | 最新国产三级在线不卡视频 | 精品国产成人系列 | 曰本aaaaa毛片午夜网站 | 另类专区国产在线视频 | 美女毛片儿 | 日本加勒比在线视频 | 成人久久18免费游戏网站 | 免费观看的毛片手机视频 | 91热久久| 久热香蕉精品视频在线播放 | 国产后式a一视频 | 国产主播福利精品一区二区 | 德国女人一级毛片免费 | 国产区精品 | 国产成人精品综合久久久 | 精品国产综合成人亚洲区 | 欧美俄罗斯一级毛片 | 久章草在线视频 | 中文字幕日韩一区二区不卡 | www.av免费| 日韩欧美一中字暮 | 亚洲精品免费在线 | 日韩字幕 |