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
       
 

Central bank denies quick rise in RMB value
(Agencies)
Updated: 2005-07-26 14:53

China's central bank tried Tuesday to dampen expectations that it might let the yuan rise quickly in value, saying any changes will come gradually following the decision to break the currency's link to the U.S. dollar.


A man looks at an electronic board that show latest foreign exchange rate at a Bank of China branch in Wuxi, East China's Jiangsu Province July 25, 2005. [newsphoto]

A statement issued by the bank denied what it said were mistaken news reports suggesting the government might increase the exchange rate of the yuan.

"Gradualism is one of the important principles in the yuan exchange rate mechanism reform," the statement said. "Gradualism is aimed at the gradual reform of the yuan exchange rate mechanism, not at the gradual adjustment of the level of the yuan exchange rate."

The government's move last week abandoned the yuan's decade-old link to the U.S. dollar and switched to a more flexible system based on a basket of foreign currencies. The government also increased the yuan's value by about 2 percent against the U.S. currency.

The yuan's daily movement is restricted to a 0.3 percent band against that basket.

The yuan opened trading Tuesday on China's foreign-exchange market at 8.1097 to the dollar, up slightly from its level of 8.1111 at the start of trading Monday.

Also Tuesday, People's Daily newspaper said the size of the revaluation last week was determined by China's trade surplus and the ability of its companies to adjust.

The report added to official comments that the change was based on China's economic needs, not pressure from the United States and other trading partners.

"The scope of the 2 percent increase in value was excellent," the People's Daily said. "This whole scope was determined by our country's trade surplus and needs to adjust, while at the same time considering domestic enterprises' ability to adapt."

It didn't give any more details. But foreign news reports on Monday said Chinese leaders considered an initial increase of 5 percent in the yuan's value before deciding on 2 percent after lobbying from ministries worried about the impact on China's exporters.

U.S. and other foreign companies say the yuan is undervalued by anywhere from 15 to 40 percent, giving Chinese exporters an unfair price advantage. American lawmakers had threatened to impose punitive tariffs if China didn't raise the yuan's value.


Page: 12



Submarine drill in East China Sea
6-party talks start in Beijing
Surgery on tiger to remove tumor
  Today's Top News     Top China News
 

Discovery blasts off on shuttle mission

 

   
 

Central bank denies quick rise in RMB value

 

   
 

6-party talks open, host China urges flexibility

 

   
 

China halts pork exports from 2 cities

 

   
 

Women astronauts set to fly by 2010

 

   
 

Unocal 'almost backed China bid'

 

   
  Unocal 'almost backed China bid'
   
  Negotiators to continue six-party talks Wednesday: spokesman
   
  Stronger RMB won't affect investment much
   
  Electronics giants may soon merge
   
  Agricultureex-model grapples for new 'spirit'
   
  Mainlandtravel made easier with new rules
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国产精品18久久久久久vr | 免费看三级毛片 | 国产精品区牛牛影院 | 久久99一区 | 萌白酱福利视频在线网站 | 亚洲欧美视频一区二区 | 操欧美美女 | 99在线视频精品费观看视 | 色www永久免费 | freesex寂寞老妇hd | 国产精品一区二区三区高清在线 | 亚洲视频高清 | 爱久久精品国产 | 在线观看香蕉免费啪在线观看 | 一区高清 | 99久久国产综合精品成人影院 | 亚洲影视一区二区 | 日日干夜夜爽 | 久久99精品免费视频 | 国产女乱淫真高清免费视频 | 久久综合久久自在自线精品自 | 波多野结衣一区二区在线 | 亚洲毛片免费看 | 久久国产精品99久久久久久牛牛 | 免费观看性欧美大片无片 | 成人国产精品毛片 | 久久免视频 | 女人张开腿让男人捅的视频 | 欧美巨大精品欧美一区二区 | 国产乱子精品免费视观看片 | 亚洲欧美一区二区三区孕妇 | 千涩成人网 | 国产成人精品日本亚洲网站 | 欧做爰xxxⅹ性欧美大 | 亚洲看片| 欧美午夜性春猛交 | 一本久久a久久精品亚洲 | 91www成人久久 | 久久精品亚洲一区二区 | 美女扒开腿让男生桶爽网站 | 97久久国语露脸精品对白 |