久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

China plays down early yuan move
(Agencies)
Updated: 2005-05-27 18:46

BEIJING, China -- China has still not made enough progress to prepare its economy and financial system for a stronger currency, a senior government economist said in remarks published on Friday, while another expert also urged caution.

"It will be better to keep the renminbi's exchange rate stable for another two years," said Zhang Yansheng, head of the National Development and Reform Commission's External Economy Research Institute.

Zhang's remarks were published shortly after U.S. Treasury Secretary John Snow told Congress he was confident that China would change the yuan's decade-old peg of near 8.28 per dollar within the next six months.

U.S. law-makers and manufacturers say the peg unfairly undervalues the yuan by at least 30 percent.

But Zhang was quoted by the International Business Daily, a newspaper published by the Ministry of Commerce, as saying that the government still needed to do a lot of work in areas such as currency, taxation and foreign trade policy in order to minimise the impact of yuan reform on China's economy.

Businesses also needed to be better equipped to manage currency risks.

"The core problem we are facing now is not whether the renminbi's exchange rate is too low," Zhang was quoted as saying.

Another prominent academic, Song Hong of the Chinese Academy of Social Sciences, told the paper that the yuan should appreciate in the long term.

But he said it would be better if the currency was allowed to rise gradually and in small steps over a lengthy period.

Song, who is dean of the academy's Department of International Trade Research, also said China was not making full use of its $659 billion stockpile of foreign exchange reserves.

The reserves, which are now invested primarily in U.S. bonds, should be channeled into the development of private Chinese firms, Song said. He did not say how this should be done.

"It's quite embarrassing that China doesn't know how to use its huge reserves," the paper quoted him as saying.

Chinese think-tanks, ministries and the central bank are increasingly forthright in giving their views about the yuan, but China watchers say the decision whether to change the peg is so important it will be made by Prime Minister Wen Jiabao.



 
  Today's Top News     Top China News
 

Proposed bill to encourage Chinese in US schools

 

   
 

China: Foot-and-mouth disease under control

 

   
 

Battles won on drugs, but war rages on

 

   
 

China wants Games torch on Mt.Qomolangma

 

   
 

Shanghai targeting at property bubbles

 

   
 

China firm as US steps up yuan pressure

 

   
  Nestle baby formula pulled off the shelves
   
  Guangzhou cooks up restaurant reopening
   
  Policeman in wronged-killer case kills himself
   
  Ship sails in voyager's seaward footsteps
   
  Medical staff sacked after vagrant dies
   
  Tale of two towns by the Yangtze
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
China firm as US steps up yuan pressure
   
Governor: Yuan peg reform 'a slow business'
   
Governor: Yuan peg reform 'a slow business'
   
Greenspan: Yuan revamp unlikely to help US
   
Hanke: It would be 'foolish' to revalue yuan
   
Hanke: It would be 'foolish' to revalue yuan
   
US business chief optimistic over yuan reform
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 亚洲 自拍 欧美 综合 | 欧美亚洲日本视频 | 成人免费手机在线看网站 | 欧美精品黄页免费高清在线 | 久久99久久99精品观看 | 草草久久97超级碰碰碰免费 | 偷拍自拍日韩 | 亚洲最大的视频网站 | 亚洲欧美日韩精品久久亚洲区色播 | 亚洲综合在线观看视频 | 日韩欧美一区二区三区免费观看 | 久久er热这里只有精品23 | 久久成年人 | 午夜精品久视频在线观看 | 欧美嫩交| 国产亚洲综合成人91精品 | 在线观看91精品国产入口 | 亚洲va久久久噜噜噜久久狠狠 | 中文字幕日韩精品亚洲七区 | 在线亚视频 | 亚洲一区二区三区高清 | 欧美成人私人视频88在线观看 | 免费a级毛片无码 | 亚洲精品国产经典一区二区 | 成人免费视频网 | 另类专区欧美 | 欧美成人性做爰网站免费 | 国内在线精品 | 国产精品视频一区二区猎奇 | 精品国产一区二区二三区在线观看 | 大量愉拍情侣在线视频 | 大陆60老妇xxxxhd | 久久精品国产亚洲欧美 | 亚洲精品精品一区 | 日韩美女啪啪 | 国产毛片a | 免费国产不卡午夜福在线 | 久操免费在线视频 | 欧美综合一区 | 午夜三级网站 | 欧美色xxx|