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

   

The yuan's speedy appreciation

(China Daily)
Updated: 2008-01-16 14:00

China's currency, the yuan, has hit a new high against the US dollar for the sixth time since the beginning of this year. By breaking the 7.25 mark against the US dollar yesterday, the yuan has kept smashing psychological barriers for three trading days in a row.

Such quickened revaluation seemingly underscored the Chinese government's determination to rein in domestic price hikes.

If so, Chinese exporters must expedite their restructuring to cope with the substantial impact of faster appreciation of the yuan on their bottom lines.

The yuan already advanced about 7 percent against the US dollar in 2007, twice as fast as in 2006.

Yet, against all the odds of a rising yuan and overseas safety concerns over Chinese exports, the country still registered a trade surplus of $262.2 billion last year, up 47.4 percent over the previous year.

The resilience of China's export sector is surely impressive. It even might have allowed the policymakers to be more concerned about domestic inflation rather than worrying too much about the pressure of faster appreciation on exporters.

China's consumer price index has hovered above 6 percent year-on-year for four months, driving consumer inflation to 4.6 percent for the first 11 months of 2007.

Though double-digit growth of food prices remained the major driving force of consumer inflation, emerging signs of continuous price hikes in many non-food sectors have persuaded the Chinese authorities to make it a top priority to fight overall inflation this year.

Under such circumstances, it looks reasonable to strengthen the Chinese currency to fight domestic inflation pressures now.

It is believed the yuan's rise will help reduce the country's massive trade surplus, mop up excess liquidity and curb inflation.

The latest acceleration in the rise of the yuan might be just the beginning of the country's efforts to narrow the trade imbalance while better meeting domestic demand with more imports.

However, it is obvious that the prospect of a stronger yuan will further erode profit margins for many Chinese exporters.

Their success in the past two years to cope with a gradual rise of the yuan can hardly be enough to guarantee their survival this year. The new challenges Chinese exporters have to face include not only a more expensive local currency but also stringent environmental standards, rising wage levels, and weakening external demand.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 欧美日韩中文国产一区二区三区 | 精品国产90后在线观看 | 成人看片黄a免费 | 特级aaa片毛片免费观看 | 久久国产视频网站 | 国产成人亚洲精品一区二区在线看 | 中文字幕 亚洲精品 第1页 | 久久久久久久久综合 | 成人www| 午夜视频一区二区三区 | 亚洲天堂视频网 | 国产区一区二区三区 | 高清免费国产在线观看 | 欧美高清性色生活片免费观看 | 久久久青草 | 国内精品久久影视 | 日本免费在线视频 | 国产免费亚洲 | 亚洲免费网 | 亚洲欧美中文日韩在线v日本 | 国产三级a三级三级天天 | a级毛片毛片免费观看永久 a级毛片毛片免费很很综合 | 99视频网址 | 毛片成人永久免费视频 | 99久久免费看国产精品 | 国产欧美日本在线 | 黑人一级片 | 国产成人一区在线播放 | 亚洲精品一区二区观看 | 性做久久久久久久免费看 | 老太婆性杂交毛片 | 国产韩国精品一区二区三区久久 | 国产精品国内免费一区二区三区 | 91久久国产精品视频 | 欧美成年黄网站色高清视频 | 国产第二页 | 国产高清精品一区 | 日韩精品久久一区二区三区 | 大香伊蕉国产短视频69 | 91精品全国免费观看 | 欧美日韩加勒比一区二区三区 |