久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

China has no plan to revalue yuan soon
(chinadaily.com.cn/agencies)
Updated: 2004-03-08 08:50

Deputy governor Li Ruogu of the People's Bank of China, the central bank, said on Sunday China has no plan to revalue the yuan in the near future and believes the pegged currency is correctly valued.

Speaking on the sidelines of a bimonthly meeting of central bank governors from the G10 industrialized nations and major emerging markets, Li also said China will closely monitor inflation although the domestic economy is not overheating.

Asked by reporters whether there was an imminent plan to revalue the yuan, Li said: "No ... I don't think there is pressure."

Asked if he thought the yuan was correctly valued now, he replied "Certainly I do."

The yuan, also known as the renminbi, is pegged at about 8.28 to the dollar. 

Speculation has swirled that China would soon make good on its longstanding plan to let the yuan trade in a wider range. Most economists expect the currency would rise if it were cut free.

China has repeatedly said that it would further reform foreign exchange regimes. The country has already relaxed foreign-exchange curbs, including allowing some service firms to retain more foreign exchange earnings and made it much easier for multinationals to deal in hard currency.

Watching Inflation

As part of financial sector reform, China has been pushing the "Big Four" state banks to whip operations and assets into shape before global banks gain near unfettered access to the Chinese market by late 2006 in line with World Trade Organization commitments.

On China's reform progress, Li said: "It could be a very long process, or short process, depending on all the preparations for the reform and how good work we can do for the next couple of years. (The reform progress is) so far so well."

China already has injected US$45 billion in foreign exchange reserves into two big state banks.

On the Chinese economy, he said: "I don't think the Chinese economy at this point is overheated ... certainly in several sectors ... cement, some industries, are overinvested, and we've already taken actions and measures to mitigate those problems. So far we've observed the outcomes we've expected."

"Inflation is something we are going to watch very closely."

Speaking last week, Guo Shuqing, China's head of foreign exchange and also a central bank vice governor, said inflation was still relatively mild and under control, though there was a need to give attention to "asset bubbles."

 
  Today's Top News     Top China News
 

Pakistanis may be near bin Laden's aide al-Zawahri

 

   
 

Government relaxes control of airfares, finally

 

   
 

U.S. launches WTO complaint against China

 

   
 

Report: China, Iran sign US$20b gas deal

 

   
 

FM to pay official visit to DPRK

 

   
 

women bosses urged to date and marry

 

   
  FM to pay official visit to DPRK
   
  As kids keep on calling, experts worry
   
  Gov'ts urged to clear up payments in arrears
   
  Sino-US trade advances amid problems
   
  Police website builds bridges to community
   
  Drought worsens capital water crisis
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Forex chief: Don't bet on RMB appreciation
   
China to keep currency at `rational and balanced level'
   
Greenspan: RMB free floating could be risky
   
HSBC offers RMB business to domestic companies
   
China hits money laundering in forex crackdown
   
SAFE: Renminbi rate to remain basically stable
  News Talk  
  Staking a whole generation of Chinese entrepreneurs  
Advertisement
         
主站蜘蛛池模板: 福利视频午夜 | 成人性色生活片免费网 | 日本一区二区三区四区不卡 | 成人精品免费视频 | 看久久久久毛片婷婷色 | 欧美精品在线一区二区三区 | 草草影院国产第一页 | 精品国产一区二区三区免费 | 国产大片在线看 | 久久久亚洲精品国产 | 日韩一中文字幕 | 黄色毛片免费看 | 欧美视频在线看 | 亚洲免费在线观看 | 亚洲精品黄色 | 国产成人高清 | 欧美一区二区三区精品影视 | 天天看夜夜 | 欧美激情一区二区亚洲专区 | 久久精品国产99国产精品 | 欧美日韩视频在线第一区二区三区 | 91小视频在线观看免费版高清 | 亚洲精品在线免费看 | 一个人看的日本www的免费视频 | 成人免费一级片 | 国产精品久久久久久小说 | 好看的看黄a大片爽爽影院 好男人天堂网 | 久久精品夜色国产 | 在线精品国内外视频 | 美女视频黄的免费视频网页 | 亚洲乱码国产一区网址 | 在线观看一级毛片 | 亚洲成人黄色在线观看 | 久草在线看 | 老少配性xxxxxx| 日韩在线一区二区 | 一级毛片私人影院老司机 | 欧洲老妇bbbbbxxxxx | 精品国产乱码久久久久久一区二区 | 成人久久18免费软件 | 亚洲视频在线网 |