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

US EUROPE AFRICA ASIA 中文
Business / Opinion

Deepening reforms can help China tackle challenges

By Li Yang (chinadaily.com.cn) Updated: 2014-03-19 21:36

Deepening reforms can help China find solutions to a series of problems caused by the slowing down of economic growth and depreciation of the yuan, according to an article in the 21st Century Business Herald. Excerpts:

The funds outstanding for foreign exchange in Chinese financial agencies increased 128.2 billion yuan ($21 billion) in February, the smallest growth since October. Analysts believe this change indicates the pressure caused by the cross-border capital inflows is weakening, which is also proved by renminbi's recent depreciation against the US dollar.

China's central bank enlarged yuan's daily trading range from 1 percent to 2 percent starting on March 17. Renminbi's exchange rate versus the US dollar is allowed to rise or fall 2 percent from a daily midpoint rate that the central bank sets each morning.

The observers think the Chinese government will continue to stimulate economic growth. But the government seems not to intend to do so by stimulus packages, which makes people doubt whether the yuan will continuously appreciate against the US dollar.

Meanwhile, the slowing down of China's economic growth increasingly convinces the market that the problems accumulated during China's economic growth may explode collectively, which aggravates the depreciation pressure for yuan. The first two months' economic data was not unsatisfactory according to the planned target of the government. These factors all weaken people's anticipation of yuan's appreciation.

In this context, enlarging yuan's exchange rate fluctuation range can effectively strengthen the resilience of the currency, and prevent speculative capital's inflows.

Although the Chinese central bank has the ability to maintain the normal fluctuation of yuan's nominal rate and the stability of yuan's exchange rate, it cannot stop the capital outflows under the anticipation of depreciation.

Yuan's internationalization is held as a symbol of China's rise. The government will not abandon this objective. A premise for yuan's internationalization is the currency's stability and firmness.

But before China succeeds in structuring its economy, it is impossible for the government to internationalize yuan. Zhou Xiaochuan, governor of China's central bank, said recently: "We have not done the homework well for yuan's internationalization."

Yuan will face lasting depreciation pressure in China's restructuring. This environment may encourage outflows of capitals. This is the necessary cost for China's transformation.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲免费国产 | 亚洲一区二区三区不卡视频 | 一级色| 日本高清福利视频在线观看 | 国产精品青草久久 | 久久草网站| 99精品国产综合久久久久 | 新版天堂资源中文在线 | 国内免费自拍视频 | 性欧美一级| 欧美日韩顶级毛片www免费看 | 一级毛片免费完整视频 | 欧美一区二区三区男人的天堂 | 91av小视频 | 亚洲激情欧美 | 欧美在线一区二区三区不卡 | 亚洲国产精品aaa一区 | 伊人成人在线视频 | 久久不雅视频 | 特黄aaaaaa久久片 | 国产精品久久影院 | 久久精品99精品免费观看 | 一级做a爰 | 港台三级在线观看 | 欧美在线观看www | 亚洲国产精品综合久久 | 欧美亚洲国产成人高清在线 | 国产亚洲精品久久久久久 | 国产自在线观看 | 日韩视频免费一区二区三区 | 久久久久国产精品免费网站 | 国产精品久久久久久久久 | 亚洲欧美日韩在线播放 | 亚洲国产精品自产拍在线播放 | 亚洲一级毛片在线播放 | 国产亚洲精品久久久久久久久激情 | 91亚洲精品久久91综合 | 成人区精品一区二区毛片不卡 | 亚洲综合区 | 9191久久久久视频 | 日本在线视频播放 |