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: 香蕉99国内自产自拍视频 | 久久免费观看视频 | 5x性区m免费毛片视频看看 | 99看视频| 男人天堂网址 | 人成精品视频三区二区一区 | 九九黄色影院 | 一级毛片免费不卡夜夜欢 | 成人18免费软件 | 久久久久久久综合色一本 | 久久综合精品国产一区二区三区无 | 国产亚洲精品久久久久91网站 | 在线观看片成人免费视频 | 精品国产一区二区三区免费看 | 99久久综合精品免费 | 波多野结衣视频在线 | 无限资源中文免费 | 国产成人精品日本亚洲语音1 | 黄色三级视频网站 | 美女视频一区二区三区 | 新久草视频 | 欧美在线视频 一区二区 | 99久久精品男女性高爱 | 欧美一级成人一区二区三区 | 国产精品揄拍一区二区 | 国产成人精品久久亚洲高清不卡 | 日本亚欧乱色视频在线网站 | 久久久久久综合七次郎 | 欧美三级三级三级爽爽爽 | 亚洲欧洲一区二区 | 91久久亚洲精品一区二区 | v片在线播放 | 手机看片久久高清国产日韩 | 久久国产一级毛片一区二区 | 国产精品成人免费观看 | 一级特黄aaa大片 | 国产成人亚洲综合一区 | 荡公乱妇蒂芙尼中文字幕 | 美女扒开腿让男人桶尿口 | 精品成人毛片一区二区视 | 亚洲乱人伦精品图片 |