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

BIZCHINA> News
Rising yuan not linked to Hu's US trip: c.banker
(Reuters)
Updated: 2006-03-18 16:30

Chinese President Hu Jintao's planned visit to the United States next month is not determining the quickening appreciation of the yuan, Wu Xiaoling, a deputy governor of the People's Bank of China, said on Saturday.

Asked by Reuters on the sidelines of a financial forum whether China would let the yuan rise faster ahead of Hu's trip, expected in late April, she said: "As Wen Jiabao has said, there is no link. We will use market means."

Rising yuan not linked to Hu's US trip: c.banker
A bank clerk counts Renminbi in a bank in Haian, eastern China's Jiangsu province, March 15, 2006. China's yuan scored its biggest one-day gain to the dollar on Wednesday since its July revaluation after Premier Wen Jiabao ruled out a further one-off revaluation of the local currency yesterday. [China Daily]
Chinese Premier Wen, on Tuesday ruled out a further one-off revaluation and said the yuan would fluctuate according to market forces.

Wu said later in a speech to the forum that China needed to keep tweaking its policies to reduce the external payments imbalances that caused its foreign currency reserves to balloon to $819 billion at the end of 2005, second only to Japan's.

"China should continue to make adjustments to its foreign exchange policy of relaxed inflows combined with strict outflows, which is the source of excessive increases in foreign exchange reserves," she said.

Wu also said China would continue to promote overseas investment. Chinese companies spent more than $6 billion abroad in 2005 as Beijing encouraged firms to "go forth" in search of natural resources and markets.

The authorities would also redouble their efforts to cut off what Wu called the "irrational" supply of foreign exchange -- a reference to inflows that circumvent China's capital controls in order to speculate on property or a rise in the yuan.

The yuan gained 0.24 percent this week -- a weekly record since it was revalued by 2.1 percent on July 21 and cut free from an 11-year old dollar peg and allowed to float within tightly managed bands.

It has risen a total of 0.98 percent since then, far from enough to satisfy critics in Washington.

They say the yuan is so undervalued that it gives Chinese products an unfair advantage in U.S. markets, costing millions of lost American jobs and fuelling a record bilateral trade gap.

U.S. Senator Charles Schumer, a New York Democrat, and Sen. Lindsey Graham, a South Carolina Republican, will head to Beijing next week to hear firsthand what China is doing about its currency, before making a final decision on a bill threatening the country with a 27.5 percent import tariff.

Officials have repeatedly said that China will gradually let the yuan move more freely but that it must first develop the infrastructure of its foreign exchange market so banks and firms can hedge the risks that come with greater volatility.

To that end, Wu said China would roll out more currency derivative products as well as forward rate agreements. These let two parties manage their risk exposure by fixing a future interest rate today.


(For more biz stories, please visit Industries)
主站蜘蛛池模板: 91麻精品国产91久久久久 | 欧美最爽乱淫视频播放黑人 | 国产成人免费a在线资源 | 99热久久国产精品免费看 | 亚洲国产成人影院播放 | 57pao强力打造手机版 | 欧美一级毛片久久精品 | 美女很黄很黄免费 | 99在线精品视频免费观里 | 毛片免费永久不卡视频观看 | 日本三级成人午夜视频网 | 日韩欧美精品一区二区三区 | 毛片在线全部免费观看 | 亚洲精品黄色 | 男人透女人超爽视频免费 | 国产欧美日韩综合精品一区二区 | 欧日韩美香蕉在线观看 | 国产成人亚洲毛片 | 欧美日韩在线永久免费播放 | 在线观看一区二区三区视频 | 欧美大片毛片aaa免费看 | 娇喘嗯嗯~轻点啊视频福利 | 欧美亚洲中日韩中文字幕在线 | 99精品一区二区三区 | 五月色婷婷琪琪综合伊人 | 欧美巨大另类极品videohd | 天堂8资源8在线 | 一级亚洲 | 日本黄大片影院一区二区 | 九九热国产精品视频 | 免费国产成人高清视频网站 | 成年人在线看片 | 免费播放毛片 | 日本高清不卡在线观看 | 日本欧美一区二区三区片 | 99国产精品久久久久久久成人热 | 日本美女高清在线观看免费 | 亚洲欧美精品中字久久99 | 国产一区在线观看免费 | 人人公开免费超级碰碰碰视频 | 亚洲欧美性视频 |