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
       
 

Yuan closes at new high vs. dollar
(AP)
Updated: 2006-01-20 19:31

In its biggest one-day shift since a revaluation six months ago, China's currency rose Friday to a new high against the U.S. dollar.


A Chinese bank employee counts yuan notes at the Bank of Beijing, July 22 2005. [Reuters]

The yuan closed at 8.0601 to the dollar on the automatic price-matching system after trading in a range of 8.0639 to 8.0601, traders said. The yuan closed Thursday at 8.0673.

China revalued the yuan by 2.1 percent last July to 8.11 yuan to the dollar. At the same time, it also shifted to basing the yuan's value on a basket of major currencies including the dollar. But the yuan's movements are kept within a narrow range of 0.3 percent above or below its opening level each day.

Since that time, the yuan has only risen 0.6 percent against the dollar.

Rising short-term interest rates in China encouraged market participants to sell dollars for yuan and the central bank did not try to prevent its rise, some traders said. On the stock exchange, the seven-day repurchase agreement rate, a benchmark for short-term rates, ended at 5.495 percent, sharply higher than Thursday's close of 4.555 percent.

China has indicated it will resist pressure from the United States and other trading partners for major currency shifts, despite arguments that the yuan remains undervalued, making Chinese-made goods artificially cheap in overseas markets.

On Friday, the China Economic Times carried an article by a prominent government economist acknowledging that the yuan remains undervalued.

But Zhu Baoliang, chief economist at the State Information Center, a think tank within the state planning agency, said Beijing could not afford to let the yuan's value rise by much because it needs to keep exports strong both to absorb excess factory output and to contain unemployment.

Zhu forecast that China's foreign exchange reserves, which surged to $818.9 billion last year, would rise this year to $950 billion.

The rate of increase in China's trade surplus, which more than tripled in 2005 to $102 billion, is expected to moderate, with the surplus in 2006 likely to be around $110 billion, Zhu wrote.



Blizzards bring transport chaos in Henan
Direct flight between Taiwan and the mainland
100,000 stranded at railway station
  Today's Top News     Top China News
 

Bin Laden threatens attacks, offers truce

 

   
 

Non-stop cross-Straits flight touches down

 

   
 

Wen: Rural area development key for stability

 

   
 

China's yuan closes at new high vs dollar

 

   
 

Nationwide crime rate shows drop

 

   
 

China, US to discuss nuke issues

 

   
  Snow paralyzes railways, 160,000 passengers held up
   
  'Year of Italy in China' launched in Beijing
   
  Ancient civilizations look ahead to new era
   
  Unemployment to remain at 4.6%
   
  China, US to discuss nuke issues
   
  Taiwan appoints 5th 'premier' since 2000
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 人人公开免费超级碰碰碰视频 | 亚洲性欧美 | 欧美日韩亚洲另类 | 日韩亚洲一区中文字幕 | 国产在线观看一区精品 | 久久久久香蕉视频 | 正在播放国产精品放孕妇 | 玖玖精品在线观看 | 国产特黄一级毛片特黄 | 久久精品爱国产免费久久 | 亚洲在线国产 | 欧美日韩综合高清一区二区 | 97在线视频免费 | 日韩精品一区二区三区中文字幕 | 男人的天堂久久 | 欧美另类videosgrstv变态 欧美另类高清xxxxx | 欧美在线亚洲国产免m观看 欧美在线一级精品 | 国产午夜伦伦伦午夜伦 | 久草新在线观看 | 亚洲综合日韩欧美一区二区三 | 日韩精品一区二区三区免费观看 | 国产三级在线看 | 亚洲精品第一区二区三区 | 伊人波多野结衣 | 国产亚洲欧美一区二区三区 | 亚洲性综合 | 最全精品自拍视频在线 | 国产高清国产专区国产精品 | yy6080久久亚洲精品 | 青青视频国产依人在线 | 精品在线观看一区 | 99re思思 | 一二三区在线观看 | 亚洲伊人色综合网站小说 | 一级黄色α片 | 一级片免费在线 | 一级特色黄大片 | 男女无遮挡拍拍拍免费1000 | 插美女网站 | 成 人色 网 站 欧美大片在线观看 | 亚洲视频免费 |