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
       
 

China to keep yuan basically stable in 2006
(AFP)
Updated: 2006-02-21 20:48

China's central bank vowed to keep the exchange rate "basically stable" in the coming year while allowing market forces to do their work, within limits.


Chinese yuan banknotes on display in Beijing. China's central bank vowed to keep the exchange rate "basically stable" in the coming year while allowing market forces to do their work, within limits. [AFP]

The People's Bank of China made the pledge in its quarterly report, released on its website, while outlining objectives for the coming months.

"We will take the initiative to improve the managed float system in a gradual and controllable manner, and in accordance with the need for the stable development of the nation's economy and finance," it said.

"We will keep the yuan basically stable at a reasonable and balanced level, allowing the market forces to exercise their basic functions in forming the exchange rate."

The yuan's 11-year peg against the US dollar was scrapped in July last year in favor of a link to a basket of currencies.

Under the new rules, the central bank also began setting a daily central parity rate for the yuan against the dollar, allowing the currency to trade within 0.3 percent of that level.

Since then, the value of the currency has risen from 8.21 to the dollar to around 8.04.

But the United States has been pressuring China to further reform its currency regime, arguing the yuan remains artificially weak, giving the Asian giant an unfair advantage in global trade.

The report detailed other objectives for 2006, including gradually pushing for convertibility of the yuan on the capital account.

"We will increase the channels for inflows and outflows of capital and promote convertibility on the capital account in a stable manner," it said.

The yuan is convertible on the current account for trade in goods and services, but not on the capital account, which means exchanging yuan for purposes such as stock investment is more cumbersome.

The report also suggested the central bank will pay attention to the inflow of hot money, aimed at short-term speculative gains.

"We will strengthen efforts to monitor short-term fund inflows, and implement stable management of fund flows," it said.



Persistent drought hits Guangdong
Chinese peacekeepers in Haiti
Dropouts return to school
  Today's Top News     Top China News
 

China, Japan look to make progress on talks

 

   
 

Chinese gov't to spend more on countryside

 

   
 

Pakistan mulls energy corridor for China

 

   
 

Beijing: Separatists' moves 'dangerous sign'

 

   
 

China to keep yuan basically stable in 2006

 

   
 

Happy ending: 7 missing, 7 found

 

   
  China spells out plan for rural revival
   
  Nation restarts high-level talks with Japan
   
  China to expand use of nuclear power
   
  China hopes for solution to EU shoes spat
   
  China to keep yuan basically stable in 2006
   
  Iran urged to suspend uranium enrichment
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Central bank: Market forces to drive yuan
   
Major environmental projects planned for Tibet
   
China chides U.S. for criticism over trade, yuan
   
Yuan in biggest weekly rise since revaluation
   
Interest rate gap helps manage currency
   
Freer yuan would bolster other policy measures
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 一级毛片私人影院免费 | 亚洲美女视频在线观看 | 在线综合亚洲欧美自拍 | 国产日本三级欧美三级妇三级四 | 波多野结衣一级片 | 久久精品免费在线观看 | 欧美扣逼视频 | 免费人成在线观看网站品爱网 | 亚洲国产成人久久综合一区77 | 久久久精品在线观看 | 欧美视频一级 | 国内精品伊人久久久久妇 | 美女mm131爽爽爽免费视色 | 精品成人在线 | 特级片在线观看 | 久草在线视频资源 | 免费a级毛片网站 | 国产主播精品福利19禁vip | 精品欧美高清一区二区免费 | 羞羞一区二区三区四区片 | 成年网站在线 | 亚洲图片 自拍偷拍 | 欧美性巨大欧美 | 干综合网 | 亚洲成人黄色在线 | 日韩区在线 | 日韩精品999 | 色老头老太做爰视频在线观看 | 亚洲区精品 | 手机在线观看黄色网址 | 国内精品免费一区二区观看 | 青青自拍视频一区二区三区 | 亚洲免费在线观看视频 | 成 人 在 线 免费 8888 www | 亚洲性视频在线 | 国产一区二区三区视频 | 神马午夜视频 | 亚洲逼 | 日本亚洲高清 | 日韩精品午夜视频一区二区三区 | 1a级毛片免费观看 |