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
       
 

Central bank denies quick rise in RMB value
(Agencies)
Updated: 2005-07-26 14:53

China's central bank tried Tuesday to dampen expectations that it might let the yuan rise quickly in value, saying any changes will come gradually following the decision to break the currency's link to the U.S. dollar.


A man looks at an electronic board that show latest foreign exchange rate at a Bank of China branch in Wuxi, East China's Jiangsu Province July 25, 2005. [newsphoto]

A statement issued by the bank denied what it said were mistaken news reports suggesting the government might increase the exchange rate of the yuan.

"Gradualism is one of the important principles in the yuan exchange rate mechanism reform," the statement said. "Gradualism is aimed at the gradual reform of the yuan exchange rate mechanism, not at the gradual adjustment of the level of the yuan exchange rate."

The government's move last week abandoned the yuan's decade-old link to the U.S. dollar and switched to a more flexible system based on a basket of foreign currencies. The government also increased the yuan's value by about 2 percent against the U.S. currency.

The yuan's daily movement is restricted to a 0.3 percent band against that basket.

The yuan opened trading Tuesday on China's foreign-exchange market at 8.1097 to the dollar, up slightly from its level of 8.1111 at the start of trading Monday.

Also Tuesday, People's Daily newspaper said the size of the revaluation last week was determined by China's trade surplus and the ability of its companies to adjust.

The report added to official comments that the change was based on China's economic needs, not pressure from the United States and other trading partners.

"The scope of the 2 percent increase in value was excellent," the People's Daily said. "This whole scope was determined by our country's trade surplus and needs to adjust, while at the same time considering domestic enterprises' ability to adapt."

It didn't give any more details. But foreign news reports on Monday said Chinese leaders considered an initial increase of 5 percent in the yuan's value before deciding on 2 percent after lobbying from ministries worried about the impact on China's exporters.

U.S. and other foreign companies say the yuan is undervalued by anywhere from 15 to 40 percent, giving Chinese exporters an unfair price advantage. American lawmakers had threatened to impose punitive tariffs if China didn't raise the yuan's value.


Page: 12



Submarine drill in East China Sea
6-party talks start in Beijing
Surgery on tiger to remove tumor
  Today's Top News     Top China News
 

Discovery blasts off on shuttle mission

 

   
 

Central bank denies quick rise in RMB value

 

   
 

6-party talks open, host China urges flexibility

 

   
 

China halts pork exports from 2 cities

 

   
 

Women astronauts set to fly by 2010

 

   
 

Unocal 'almost backed China bid'

 

   
  Unocal 'almost backed China bid'
   
  Negotiators to continue six-party talks Wednesday: spokesman
   
  Stronger RMB won't affect investment much
   
  Electronics giants may soon merge
   
  Agricultureex-model grapples for new 'spirit'
   
  Mainlandtravel made easier with new rules
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 亚洲国产情侣一区二区三区 | 国产九九精品视频 | 韩国三级日本三级香港三级黄 | 亚洲人妖女同在线播放 | 国产高清视频免费在线观看 | 乱淫毛片 | 国产精品久久久久久福利漫画 | 久久精品国产免费观看99 | 天天综合色一区二区三区 | 中国欧美一级毛片免费 | 怡红院免费的全部视频国产a | 久色免费视频 | 亚洲国产天堂久久精品网 | 欧美5g影院天天爽天天看 | 伊人99re| 久久观看视频 | 青青爽国产手机在线观看免费 | 亚洲网站免费观看 | 在线视频亚洲一区 | 免费的成人a视频在线观看 免费的毛片 | 久久国产免费观看 | 在线观看国产日本 | 成人免费精品视频 | 久久手机精品视频 | 乱码一区 | 亚洲精品国产一区二区在线 | 久久国产精品亚洲 | 亚洲国产精品a在线 | 免费一级特黄 欧美大片 | 一级视频免费观看 | 91九色精品国产 | 精品一区二区三区中文字幕 | 久草亚洲视频 | 精品400部自拍视频在线播放 | 亚洲精品一区二区三区第四页 | 看久久 | 欧美一级毛片欧美一级成人毛片 | 日韩三级小视频 | 欧美啊啊啊 | 毛片在线播放网址 | 国产色在线播放 |