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

Trade surplus rocketing brings pressure
(Xinhua)
Updated: 2005-07-28 07:06

Although China's trade volume ranks third in the world, the quality of and profits from the trade still remain a low level, the expert said.

Therefore, the RMB appreciation and the reform of the foreign exchange rating mechanism should help China to shrink its trade surplus and ease international pressure in the long run, the expert said.

The RMB yuan, which had been pegged to the US dollar at the rate of one dollar for 8.27 yuan over the past years, started to be traded at a rate of 8.11 to the US dollar last Thursday, according to an announcement from China's central bank. The pegging system is also being altered to refer to a basket of foreign currencies.

Close

999 roses to offer apology Li Zhaoxing attends ASEAN+3 Foreign Ministers Meeting Submarine drill in East China Sea

Today's Top News     Top China News
NASA stops shuttle flights until hazard fixed         Central bank said cooling yuan down         Skies open wide for pilots from abroad         Little progress for 2nd day of nuke talks         Veterinarians play down disease threat         Regional co-op focus of ASEAN meeting	Trade surplus rocketing brings pressure       Is it time to start culling big bad wolf?       House okays bill aimed at subsidized China goods       RMB appreciation helps nation's airlines       Higher costs force firms to look elsewhere       Veterinarians play down disease threat