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

   

RMB gains before US Treasury Secretary's visit
(chinadaily.com.cn)
Updated: 2006-09-19 16:29

China's currency witnessed a remarkable gain on Tuesday, nearing the 7.90 thresholds to the US dollar, one day before American Treasury Secretary Henry Paulson's visit.

The yuan, also called Renminbi, rose 0.14 percent to 7.9350 against the dollar at 2:28 pm. at the foreign exchange transaction market in Shanghai, according to data Bloomberg compiled.

The People's Bank of China, the central bank, set the central parity rate, the level from which the market rate will be allowed to move 0.3 percent on either side in the coming trading day, at 7.9342, up from 7.9431 on Monday.

The value of the yuan, a focus of the world financial markets, has gained another 2 percent since Beijing replaced a peg to the US dollar with a managed float on July 21, 2005.

Financial market analysts have linked the jump of the yuan to Paulson's first visit to China in his capacity as US financial secretary.

"China is paying its respects to an important visitor,'' Bloomberg quoted Hideki Hayashi, a currency strategist in Tokyo at Shinko Securities Co. as saying. "The authorities want to display a policy that has and will allow for a continued gradual appreciation."

The effect of changes to exchange-rate policy "will be felt over time," the central bank Governor Zhou Xiaochuan said in Singapore on Tuesday in an address to the International Monetary Fund.

Earlier, he told reporters in Singapore that China's currency reform must be kept in a "gradual, effective and controllable" manner.

US lawmakers have blamed a weak yuan for an influx of Chinese imports, leading to a record US$201.6 billion trade deficit in 2005, and manufacturing job losses.Beijing scholars have countered that inexpensive Chinese goods have helped improve the living quality of ordinary American households, keep down inflationary pressure, and contribute to American economic boom.

However, US Senators Charles Schumer and Lindsey Graham are requesting a vote in the Senate before the end of this month on a bill to slap a 27.5 percent punitive tariff on Chinese imports.

Paulson has said the yuan's value is a "symbol of unfair competition" and a stronger currency is in the best interest of China because it would help cool export-driven economic growth.

"Paulson is taking a 'softly softly' approach," said Richard Yetsenga, a currency strategist at HSBC Holdings Plc in Hong Kong. "Some people think it's going to bring more success on the currency front, but the number one lesson we've seen from China is it's going to move at a speed it's comfortable with -- and that's slowly."

Policy makers from the Group of Seven nations who met in Singapore over the weekend said greater currency flexibility is "desirable in emerging economies with large current-account surpluses, especially China." The group dropped a call for currency appreciation.

"It's a story of evolution not revolution," Steve Rowles, a currency strategist at CFC Seymour Ltd., said in Hong Kong. "China's not going to do very much on its currency."

The yuan may strengthen to 7.85 by the end of year, Bloomberg quoted him as saying.

 
 

主站蜘蛛池模板: 亚洲国产精品一区二区三区久久 | 日韩一区二区视频在线观看 | 久久亚洲精品中文字幕三区 | 做爰成人五级在线视频| 国产v综合v亚洲欧美大另类 | 久久久久久尹人网香蕉 | 一级毛片日韩a欧美 | 日本免费高清一区 | 中文国产成人精品久久无广告 | 精品在线99 | 视频精品一区二区三区 | 国内精品伊人久久 | 1024国产欧美日韩精品 | 中文字幕最新中文字幕中文字幕 | 久久综合伊人77777 | 免费无遮挡毛片 | 久久免费看视频 | 狠狠色丁香九九婷婷综合五月 | 99久久伊人一区二区yy5o99 | 99视频九九精品视频在线观看 | 国产观看在线 | 欧美日韩亚洲精品一区 | 久久福利青草免费精品 | 一级a毛片免费 | 国产步兵社区视频在线观看 | 亚洲精品一区最新 | 韩国日本一级毛片免费视频 | 亚洲视频欧美 | 精品国产三级在线观看 | cekc欧美| 日韩一级黄色 | 国产欧美日韩精品a在线观看 | 国产亚洲欧美ai在线看片 | 亚洲综合色视频在线观看 | 精品久久久久久中文字幕 | 国产成人精品久久一区二区三区 | 天堂8中文在线 | 国产欧美在线观看不卡一 | 日韩欧美一区二区三区免费观看 | 久久亚洲天堂 | 性欧美视频a毛片在线播放 性欧美一级 |