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

  Home>News Center>China
       
 

Currency revaluation will have little impact on agriculture
By Zhao Huanxin (China Daily)
Updated: 2005-08-03 05:54

China's modest appreciation of its currency, the renminbi, will have a mild and marginal impact on agriculture, rural researchers say.

The People's Bank of China, the country's central bank, announced a 2 per cent appreciation of the renminbi two weeks ago, sparking concern among academics about how the shift in policy will affect the economy.

"The currency revaluation is good for importing farm produce, but will adversely affect exports," Sun Dongsheng, a researcher with the Chinese Academy of Agricultural Sciences, said yesterday.

The appreciation will translate into comparatively lower prices for foreign farm produce for Chinese importers, according to the director of the academy's International Agricultural Trade Centre.

These products include grain, soybean, sugar, cotton and some animal and aquatic products, Sun said.

On the other hand, a stronger renminbi will put Chinese exports under more pressure, off-setting the small profits on some Chinese products, and will make them less competitive in the global market, he said.

But the effects on two-way trade will not to be significant given the relatively small increase in the value of the renminbi, plus the central bank's policy of only allowing the US dollar's exchange rate with the renminbi to fluctuate by 0.3 per cent on the foreign exchange market, Sun said.

Taking imports of soybeans as an example, Pan Qi, an analyst with the Heilongjiang Provincial Agricultural Information Centre, said the renminbi's appreciation would have a very limited influence on the domestic market.

After scrapping the yuan's peg to the US dollar, the cost of soybean imports is expected to fall by only 1.86 per cent, or 54 yuan (US$6.6), to reach 2,855 yuan (US$352) per ton, according to Pan.

Although the overall impact the slight adjustment of the renminbi's exchange rate has on agriculture will be mild for the time being, the sector will have a tough time if the currency rises further, researchers have warned.

They said China should further rely on science and technology to improve quality and the competitiveness of its farm produce, and increase the range of exports.

China exported US$10.54 billion worth of farm produce in the first five months of this year, up by 20.6 per cent on the same period last year, the latest statistics of the Ministry of Agriculture show.

Imports fell by 8.3 per cent year-on-year to reach US$10.65 billion, producing a US$110 million deficit, compared with a deficit of US$2.86 billion in the same period last year.

(China Daily 08/03/2005 page9)



Four killed in Guangdong building collapse
Traffic accident in Harbin
The Guanling cattle market
  Today's Top News     Top China News
 

CNOOC likely to drop bid for Unocal - sources

 

   
 

China's yuan hits 4th straight high

 

   
 

N. Korean envoy: No progress at nuke talks

 

   
 

China, Russia to launch military drill

 

   
 

Discovery astronauts prepare for repairs

 

   
 

US says could seek China textile deal

 

   
  China proposes new draft at nuke talks
   
  China's yuan sets another mark
   
  US says could seek China textile deal
   
  China's economy sends slowdown signals
   
  Stronger RMB boosts steel sector
   
  No new cases in pig disease outbreak
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 日本特黄特色大片免费看 | 国产日韩一区二区三区 | 欧美性色黄在线视 | 狠狠色丁香婷婷久久综合不卡 | 国产精品合集久久久久青苹果 | 男女免费观看在线爽爽爽视频 | 国产偷自拍 | 国产午夜精品免费一二区 | 久久久久国产精品免费 | 久久黄网站| 91欧洲在线视精品在亚洲 | 久久精品久久久 | 久久99国产亚洲精品观看 | 国产精品99r8免费视频2022 | 最新亚洲人成网站在线影院 | 韩国毛片在线观看 | 亚洲国产天堂久久精品网 | 精品综合久久久久久88小说 | 欧美一级毛片特黄黄 | 亚洲天堂网站在线 | 亚洲天堂一区二区在线观看 | 久久久久久久网站 | 亚洲无卡视频 | 久久女同互慰一区二区三区 | 国产欧美日韩精品a在线观看 | 91pao强力打造免费高清 | 午夜精品久视频在线观看 | 黄色三级视频网站 | 欧美亚洲综合网 | 色噜噜国产精品视频一区二区 | 久久精品成人国产午夜 | 韩国在线精品福利视频在线观看 | 国产成人精品曰本亚洲77美色 | 草草影院ccyycom浮力影院 | 精品国产一二三区 | 久草视频福利在线观看 | 精品久久久久久综合日本 | 大陆高清自拍 | 杨幂丝袜国产福利视频 | 久久亚洲精品中文字幕二区 | 午夜两性试爱视频免费 |