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: 成年人免费网站视频 | 欧美人成在线观看网站高清 | 特级毛片免费观看视频 | 欧美精品久久久亚洲 | 一本色道久久88加勒比—综合 | 97视频在线免费播放 | 成人黄页网站 | 亚洲国产欧美视频 | 韩国美女激情视频一区二区 | 国产欧美在线观看不卡 | 韩国福利一区 | 亚洲国产日韩综合久久精品 | 九色porny真实丨国产18 | 午夜视频久久 | 成人在线观看国产 | 一区二区三区免费看 | 欧美一级毛片香蕉网 | 久久久久久久性潮 | 国产午夜精品一区二区三区不卡 | a级精品九九九大片免费看 a级毛片免费观看网站 | 国产成人a一在线观看 | 2022日韩理论片在线观看 | 国产欧美网站 | 美女全黄视频 | 欧美色成人tv在线播放 | 亚洲特级毛片 | 欧美精品日本一级特黄 | 天堂最新版 | 精品日韩欧美一区二区三区 | 亚洲 欧美 日韩 丝袜 另类 | 三级黄色网址 | 久久国产欧美日韩高清专区 | a级毛片高清免费视频 | 久久两性 | 亚洲欧美久久精品 | 亚洲天堂成人在线观看 | 久久99精品久久久久久三级 | 欧美叫床戏做爰无遮挡 | 欧美三级做爰视频 | 国产肥老妇视频一 | 欧美亚洲在线观看 |