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

Deepening reforms can help China tackle challenges

By Li Yang (chinadaily.com.cn) Updated: 2014-03-19 21:36

Deepening reforms can help China find solutions to a series of problems caused by the slowing down of economic growth and depreciation of the yuan, according to an article in the 21st Century Business Herald. Excerpts:

The funds outstanding for foreign exchange in Chinese financial agencies increased 128.2 billion yuan ($21 billion) in February, the smallest growth since October. Analysts believe this change indicates the pressure caused by the cross-border capital inflows is weakening, which is also proved by renminbi's recent depreciation against the US dollar.

China's central bank enlarged yuan's daily trading range from 1 percent to 2 percent starting on March 17. Renminbi's exchange rate versus the US dollar is allowed to rise or fall 2 percent from a daily midpoint rate that the central bank sets each morning.

The observers think the Chinese government will continue to stimulate economic growth. But the government seems not to intend to do so by stimulus packages, which makes people doubt whether the yuan will continuously appreciate against the US dollar.

Meanwhile, the slowing down of China's economic growth increasingly convinces the market that the problems accumulated during China's economic growth may explode collectively, which aggravates the depreciation pressure for yuan. The first two months' economic data was not unsatisfactory according to the planned target of the government. These factors all weaken people's anticipation of yuan's appreciation.

In this context, enlarging yuan's exchange rate fluctuation range can effectively strengthen the resilience of the currency, and prevent speculative capital's inflows.

Although the Chinese central bank has the ability to maintain the normal fluctuation of yuan's nominal rate and the stability of yuan's exchange rate, it cannot stop the capital outflows under the anticipation of depreciation.

Yuan's internationalization is held as a symbol of China's rise. The government will not abandon this objective. A premise for yuan's internationalization is the currency's stability and firmness.

But before China succeeds in structuring its economy, it is impossible for the government to internationalize yuan. Zhou Xiaochuan, governor of China's central bank, said recently: "We have not done the homework well for yuan's internationalization."

Yuan will face lasting depreciation pressure in China's restructuring. This environment may encourage outflows of capitals. This is the necessary cost for China's transformation.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 成年人免费网站在线观看 | 成年人网站在线观看视频 | 看国产一级毛片 | 亚洲欧美精品一中文字幕 | 国产免费视屏 | 亚洲 午夜在线一区 | 久久中出 | 永久免费不卡在线观看黄网站 | 成人欧美视频在线看免费 | 亚洲精品一区二区三区在线观看 | 日本在线观看网址 | 国产一级高清视频 | 欧美成人黄色 | 欧美a在线 | 日本在线观看免费视频网址 | 成人中文字幕在线 | 国产成人精品久久一区二区三区 | 97国产精品欧美一区二区三区 | 亚洲国语在线视频手机在线 | 国产片久久 | 欧美精品99| 日韩欧美在线一级一中文字暮 | 国产成人盗拍精品免费视频 | 亚洲国产午夜精品理论片的软件 | 美国一级大黄香蕉片 | 国内精品久久国产大陆 | 日韩久久中文字幕 | 国产精品久久久99 | 日韩午夜在线 | 欧美精品在线视频 | 欧美三级成版人版在线观看 | 成人精品一区二区www | 亚洲欧美一区二区三区综合 | 干综合网 | 欧美69精品国产成人 | 免费一级做a爰片性色毛片 免费一极毛片 | 亚欧视频在线 | 国产美女高清一级a毛片 | 欧美日本一道高清二区三区 | 国内精品久久久久久久久久影视 | 亚洲精品福利一区二区三区 |