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

US EUROPE AFRICA ASIA 中文
Business / Economy

US urged to 'understand' yuan issue

By Gao Changxin in Shanghai and He Wei in Guangzhou (China Daily) Updated: 2014-04-17 08:46

US urged to 'understand' yuan issue

US hundred-dollar bills are counted next to stacks of 100-yuan notes in Huaibei, Anhui province. The central bank governor said the yuan's retreat has been largely "market-driven". AFP

Ministry says China will continue to reform exchange-rate system

China has responded to claims by the United States that the yuan's recent depreciation was the result of "large-scale intervention" by urging the US to "correctly understand and properly handle" the issue of the currency's exchange rate.

Hua Chun-ying, a spokeswoman for the Ministry of Foreign Affairs, told a regular news briefing in Beijing on Wednesday that the US should take a "constructive attitude" toward the matter and promote closer China-US economic and trade ties. She added that China will continue to reform its exchange-rate formation mechanism.

In its semi-annual report to Congress, the US Department of the Treasury said that the yuan's recent depreciation "would raise particularly serious concerns" if it was a signal of a change in China's policy of scaling back intervention and letting market forces play a bigger role.

US urged to 'understand' yuan issue
US Treasury declines to name China as currency manipulator 

US urged to 'understand' yuan issue
"There are a number of continuing signs that the exchange-rate adjustment process remains incomplete and the currency has further to appreciate," the Treasury said.

The report didn't name any country as a currency manipulator.

The Treasury acknowledged that the widening of the yuan's trading band last month gives China the opportunity to allow the market to play a greater role in determining the exchange rate.

Chen Xuebin, a professor at Fudan University in Shanghai who specializes in foreign exchange issues, said that a wider trading band for the Chinese currency and the US phasing-out of quantitative easing contributed to the yuan's recent weakening.

PBOC Governor Zhou Xiaochuan told reporters in Beijing last month that the yuan's retreat had been largely "market-driven".

Liu Dongliang, a Shenzhen-based senior analyst with China Merchants Bank Co Ltd, wrote in a report that the yuan's short-term trend hinges on the movement of the dollar and economic data from the US.

In the medium term, he added, the yuan still has strong momentum to appreciate, given that the interest rate gap between the two countries is still "attractive". He forecast that the yuan will appreciate 3 to 5 percent against the dollar over the next six to 12 months.

Li Wei, chief economist at Standard Chartered Plc, said that the yuan's valuation in the short run depends on the strength of the Chinese economy. "It is hard to see upward momentum before key economic readings bounce back and market confidence is restored," Li said. "But, in general, the yuan will largely stabilize over time," he said.

A weaker yuan is helping Chinese exporters, especially smaller ones such as Zhejiang Zhuguang Group Christmas Lighting Co Ltd, which exports festival decorations to Europe and North America.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 男女那个视频免费 | 国产精品久久久久一区二区 | 94欧美setu | 国产精品久久久久久福利漫画 | 欧美一级毛片生活片 | 狠狠色丁香婷婷综合久久片 | 国产黄色片在线观看 | 久久久久久久久久久久福利 | 美女黄网站人色视频免费国产 | 久久精品免费 | 美国一级毛片完整高清 | 狠狠色丁香婷婷综合小时婷婷 | 午夜精品久久久久久91 | 欧美在线看欧美高清视频免费 | 国产精品v欧美精品v日本精 | 精品久久看 | 三级国产精品 | 日本不卡在线一区二区三区视频 | 国内一级野外a一级毛片 | 日本国产一区二区三区 | 国产一级做a爰片久久毛片 国产一级做a爰片久久毛片99 | 国产一区高清 | 久草视频免费在线看 | 玖玖国产在线观看 | 韩日一级| 一级女性黄 色生活片 | 免费国产a国产片高清不卡 免费国产不卡午夜福在线 免费国产不卡午夜福在线观看 | 国产高清精品久久久久久久 | 亚洲精品久久九九热 | 特黄a三级三级三级 | 国产综合久久久久影院 | 一级一片在线播放在线观看 | 久草最新在线 | 国产v在线播放 | 欧美a大片 | 性欧美欧美巨大69 | 手机看片自拍日韩日韩高清 | 日韩美女强理论片 | 欧美成人久久 | 亚洲狠狠综合久久 | 久久一区二区精品 |