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
       
 

Economist: Cut dollar share of forex reserves
(Reuters)
Updated: 2006-02-27 16:38

China should reduce the dollar share of its foreign exchange reserves because of the risks posed by the instability of the U.S. currency, influential economics professor Xiao Zhuoji said in an interview published on Monday.

Speaking to the Shanghai Securities News, Xiao also proposed a number of ways to slow the explosive growth in China's reserves, which rose 34 percent last year to $818.9 billion.

"Dollars account for most of our reserves, and the instability of the dollar increases foreign exchange risk. So we should take measures to cool down this extraordinary reserve growth," the paper quoted Xiao as saying.

He proposed adjusting the structure of China's reserves to reduce currency risk but did not elaborate.

Xiao is a Peking University professor and a member of the standing committee of the Chinese People's Political Consultative Conference, a body that advises the National People's Congress, or parliament.

The congress convenes on Sunday for its annual session.

"The rise in foreign reserves demonstrates the strength of China's economy. But the extraordinary growth has also had some negative impact and brought with it foreign exchange rate risk," Xiao told the paper.

For one thing, the yuan issued by the central bank when it buys dollars flooding into China could fuel a new burst of fixed-asset investment, making it harder to control the economy.

China could slow reserve growth by strictly controlling capital inflows and speeding up exchange rate reform, he said.

For example, companies could be allowed to hold more foreign exchange, instead of being required to sell it to the central bank, and Chinese could be permitted to invest in foreign currencies.

Xiao also said China could also cut its trade surplus, which tripled last year to $102 billion, by reducing resource-intensive exports and importing more high-tech products.



Space exhibition in Changchun
Snowstorm in Shenyang
Road accident kills 24 in Guizhou
  Today's Top News     Top China News
 

Chen's move 'will trigger serious crisis'

 

   
 

Nation to ratify convention on terrorism

 

   
 

Official: Massive bird flu outbreak possible

 

   
 

Giant pandas free gifts for Taiwan: official

 

   
 

Plastic heart gives hope to kids

 

   
 

Plans on public health emergencies issued

 

   
  Legislature reviews education disparity
   
  Imports of faulty milk powder banned
   
  Experts push draft on property law
   
  Nanjing plans to improve environment for memorial
   
  Arid conditions threaten Mogao Grottoes
   
  Plans on public health emergencies issued
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 久久亚洲欧美成人精品 | 久久精品一品道久久精品9 久久精品一区 | 欧美做爰孕妇群 | 在线观看视频国产 | 亚洲天堂毛片 | 国产99久久亚洲综合精品 | 26uuu影院亚洲欧美综合 | 欧美一级毛片免费播放aa | 伊人久久影视 | 毛片毛片毛是个毛毛片 | 亚洲精品tv久久久久 | 99久9在线视频 | 日本高清视频免费在线观看 | 国产微拍精品福利视频 | 又黄又骚 | 美女脱了内裤张开腿让男人桶网站 | 香焦视频在线观看黄 | 99久久国产综合精品1尤物 | 色拍拍噜噜噜aⅴ在线观看 色青青草原桃花久久综合 色婷婷91 | 国产网站黄色 | 日本毛片在线看 | 久久香蕉国产视频 | 又黄又爽又刺激的视频 | 免费在线观看毛片 | 国产一区二区三区视频在线观看 | 欧美亚洲日本国产 | 欧美一级片 在线播放 | 亚洲在线播放视频 | 三级网站视频在线观看 | 六月丁香婷婷色狠狠久久 | 韩日精品 | 国产精选莉莉私人影院 | 亚洲天堂成人 | 日韩视频精品在线 | 国产成人久久久精品一区二区三区 | 国产欧美日韩视频在线观看 | 日韩天天摸天天澡天天爽视频 | 日本国产最新一区二区三区 | 久久午夜精品 | 欧美性色生活免费观看 | 亚洲一区二区精品 |