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
       
 

Snow to check China's currency moves
(chinadaily.com.cn)
Updated: 2005-10-08 08:57

** IMF Feeling Heat

Not everyone sees Washington pressure on Beijing as a fair one. It has been reported the U.S. Treasury Department wanted the IMF (International Monetary Fund) to support its claims that China is a currency manipulator.

``We don't see evidence'' that China is violating the IMF rules against maintaining an artificially cheap currency, IMF managing director Rodrigo de Rato told the Washington Post earlier this week.

De Rato's comments were in response to ones made days earlier by Tim Adams, U.S. Treasury undersecretary for international affairs. Adams accused the IMF of being ``asleep at the wheel'' on monitoring currencies.

In an effort to show U.S. unhappiness, Sens. Evan Bayh, D-Ind., Charles Schumer, D-N.Y., and Debbie Stabenow, D-Mich., on Friday introduced a Senate resolution calling on the administration to request that the International Monetary Fund file a formal complaint charging China with manipulating its currency.

"The IMF, by its own rules should be investigating this problem, and my resolution will help make that happen," Bayh said.

** China Likes Gradualism

Chinese central bankers have time and again since the July 21 yuan revaluation said it would be in everyone's interests to adhere to "gradualism" in adopting further currency reform measures, because any more drastic moves would entail grave risks to China's economy. A sudden breakdown of the Asia's fasting growing economy will drag many down, they asserted.

Secretary Snow sidestepped questions on whether Beijing would be branded a currency manipulator in the Treasury's semiannual report due in early November.

Snow spoke during an exchange with Senator Charles Schumer, Democrat of New York, who is co-sponsoring a measure to impose tariffs of 27.5 percent on Chinese imports unless Beijing adopts a more flexible currency. Schumer and Lindsey Graham, Republican of South Carolina, agreed in June to delay their bill after Snow and Greenspan assured them China was about to change its policies.

The yuan traded at 8.09 to the dollar on Friday, as compared with the 8.30 yuan vs a dollar prior to July 21.

``The yuan has appreciated less in 10 weeks than China said it would allow in one day,'' Schumer said. ``To me that's greater evidence of currency manipulation. Clearly they aren't letting market forces take hold, they are afraid to let go.''

Under Secretary of Treasury for international affairs Adams said Friday that the currency issue was one of three areas where the administration wants to see greater efforts by the Chinese to address the huge trade gap with the United States. Adams said the Chinese should do more to stimulate domestic demand and rely less on exports to provide economic growth.

He said that China's financial system should open up more so that foreign banks can operate more freely in the country, a move he said would make the economy more open and allow it to function better.


Page: 12



8th World Chinese Entrepreneurs Convention
Super Girls concert in Beijing
Wu Yi meets with Kim Jong Il
  Today's Top News     Top China News
 

Leadership to adjust growth model, focus on wealth gap

 

   
 

Shenzhou VI may begin space trip October 12

 

   
 

South Asia earthquake kills at least 30,000

 

   
 

Survey: Highest mountain comes up short

 

   
 

US takes patient tack on yuan policies

 

   
 

China uplifting the whole Asian economy

 

   
  Corrupt, inept officials abuse US$11 billion
   
  China uplifting the whole Asian economy
   
  Hu Jintao vows to promote co-op with DPRK
   
  Over 7% of Chinese age 65 or above
   
  Overloaded roads feed holiday death toll
   
  Wu in DPRK for party birthday
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 亚洲精品国产福利片 | 99久久精品一区二区三区 | 日日a.v拍夜夜添久久免费 | 亚洲系列第一页 | a级毛片免费播放 | 性a视频| 欧美成人精品三级网站 | 国产成人综合亚洲欧美在 | www.黄色免费网站 | 亚洲视频免费 | 国产成人女人在线视频观看 | aaaaaa精品视频在线观看 | 久久久综合结合狠狠狠97色 | 国产91免费| 日本国产精品 | 国产网址在线 | 女人被男人桶 | 成年人福利视频 | 一级黄色录像片 | 国产色爽女小说免费看 | 国产主播福利精品一区二区 | 亚洲情乱 | 亚洲精品在线免费看 | 草草日 | 风流慈禧一级毛片在线播放 | 欧美视频一区二区在线观看 | 中文字幕福利片 | 黄色网址免费在线 | 欧美成人精品一区二区 | 国产一区二区在线视频播放 | 成人性色大片 | 国产精品人成人免费国产 | 国产后式a一视频 | 成人国产片免费 | 精品国产网站 | 亚洲国产爱久久全部精品 | 在线视频观看国产 | 国产精品久久在线观看 | 亚洲精品一区二区三区美女 | 好看的看黄a大片爽爽影院 好男人天堂网 | 成人综合在线视频免费观看 |