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

  Home>News Center>China
       
 

Premier Wen: No rush to RMB rate reform
(Agencies)
Updated: 2005-06-27 07:57

Chinese Premier Wen Jiabao told Asian and European finance ministers Sunday that China favored a flexible currency but would not be rushed into action as much preparation was still needed to avoid economic shocks.

The Chinese currency's peg to the U.S. dollar became a hot topic among participants of an Asia-Europe Meeting (ASEM) of finance ministers in the northern Chinese port city of Tianjin.

Chinese Premier Wen Jiabao delivers a keynote speech Sunday, June 26, 2005 at the opening ceremony of the Sixth Asia- Europe Finance Ministers' Meeting (ASEM FMM) in Tianjin, eastern China.
Chinese Premier Wen Jiabao delivers a keynote speech Sunday, June 26, 2005 at the opening ceremony of the Sixth Asia-Europe Finance Ministers' Meeting in Tianjin, North China.[AP]
Speaking to delegates from nearly 40 member countries of ASEM, Wen said China's goal in reforming the yuan was to move to a market-based and floating exchange rate system, but he remained cautious about the timing.

"We must take into consideration both the present needs and the future developments, while guard against undue haste," Wen said.

China is under intense pressure from its trading partners, especially the United States, to loosen the yuan's peg to the U.S. dollar, which critics say gives Chinese exporters an advantage in international trade. China has kept the yuan pegged at around 8.28 to the dollar.

Chinese Premier Wen Jiabao (R) shakes hands with Japanese Finance Minister Sadakazu Tanigaki during a meeting in Tianjin, a municipality in north China, June 26, 2005.
Chinese Premier Wen Jiabao (R) shakes hands with Japanese Finance Minister Sadakazu Tanigaki during a meeting in Tianjin, a municipality in North China, June 26, 2005. [Xinhua]
"Since this reform involves a wide range of areas and will have a far-reaching impact, it still requires a great deal of preparation to help create an enabling environment for all sides to sustain the possible impact," Wen said.

Wen's remarks stimulated discussions on the yuan among some participants from small European countries at the ASEM meeting, which also focused on soaring oil prices and economic conditions in Asia and Europe.

ASEM, whose members account for some 60 percent of world trade, is one of the few international groupings not including the United States.

Although Wen said much preparation was still needed to reform the yuan, some delegates said they believed China could still make small moves at any time.

Many investors have been betting that China may begin pegging the yuan to a basket of currencies or widen its trading band to the dollar -- a move that would probably lead the yuan to appreciate -- as early as this year.

Speaking shortly after Wen's speech, Belgium's Finance Minister Didier Reynders told reporters that he hoped China would not take too long to reform the yuan.

Japanese Finance Minister Sadakazu Tanigaki repeated his calls for a more flexible yuan regime but added that quieter discussions were needed on the issue, questioning the effectiveness of putting too much external pressure on Beijing.

"Since it is growing into such a big economy, every move China makes has an impact on Japan as well as the world, so discussion on the issue is necessary, but I think calm discussions are needed," Tanigaki said.

The ministers expressed concern about soaring oil prices, which hit a record $60 last week, stressing the need for increased production and the importance of investing in new capacity and conserving energy.

The ministers also agreed on a "Tianjin Initiative," which aims to establish new talks to coordinate responses to last winter's tsunami, according to a statement issued after the meeting.



Special police detachment established in Xi'an
Panda cubs doing well in Wolong
Suspect arrested in Taiwan
  Today's Top News     Top China News
 

Taiwan's KMT Party to elect new leader Saturday

 

   
 

'No trouble brewing,' beer industry insists

 

   
 

Critics see security threat in Unocal bid

 

   
 

DPRK: Nuke-free peninsula our goal

 

   
 

Workplace death toll set to soar in China

 

   
 

No foreign controlling stakes in steel firms

 

   
  No foreign controlling stakes in steel firms
   
  China-made telescopes race to space
   
  'No trouble brewing,' beer industry insists
   
  HK investors cautious on mainland homes
   
  Law in pipeline to ban money laundering
   
  Overseas students test their Chinese abilities
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Wen calls for further Asia-Europe coop
   
Tianjin ready for ASEM finance ministers
   
Tianjin flexing muscles to reach far
   
Yuan reform 'up to China' : ASEM Finance Ministers' Meeting
   
China pursues gradual reform of RMB rate
   
Wen: Goal for yuan is a managed float
   
'Time is not ripe' to drop yuan peg
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 欧美日韩在线看 | 精品国产91在线网 | 国产一区二区fc2ppv在线播放 | 三级网址在线观看 | 99精品国产免费久久国语 | 波多野结衣视频免费在线观看 | 亚洲欧美日韩一区 | 欧美激情一区二区三区高清视频 | 欧美成人怡红院在线观看 | 久草热草 | 怡红院成人永久免费看 | 亚洲久久天堂 | 99久久精品久久久 | 美国的毛片免费的 | 亚洲国产日韩成人综合天堂 | 亚洲精品国产一区二区在线 | 男人的天堂视频在线观看 | 成年网站视频在线观看 | 久久久久久久久久久福利观看 | 久久国产网站 | 久草男人天堂 | 亚洲免费不卡 | 欧美在线高清视频播放免费 | 综合 欧美 亚洲日本 | 国产精选在线播放 | 精品日韩二区三区精品视频 | 国产精品视频免费一区二区三区 | 亚洲一区二区三区高清 | 视频一区二区三区在线 | 在线观看毛片网站 | 国产八区 | 亚洲精品一二区 | 手机在线国产精品 | 日本欧美韩国一区二区三区 | 国产性较精品视频免费 | 国产午夜亚洲精品国产 | 久久精品视频在线观看 | 国产成人精品免费视频大 | 国产九九免费视频网站 | 欧美一级特黄aaaaaa在线看首页 | 国内精品伊人久久久影视 |