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>Bizchina
       
 

Central bank to gradually lessen forex role
(Reuters)
Updated: 2005-09-23 08:49

China's central bank will "gradually" lessen the degree to which it intervenes in foreign exchange markets, but is not certain the country's yuan currency is undervalued, a senior central bank official said in an interview published on Thursday.

China's 
central bank will "gradually" lessen the degree to which it intervenes in foreign exchange markets, but is not certain the country's yuan currency is undervalued, a senior central bank official said in an interview published on Thursday. "Gradually the (People's Bank of China) will carry out fewer and fewer interventions in the foreign exchange market and let the market decide," Hu Xiaolian, deputy governor at the central bank, told the publication "Emerging Markets."

"The frequency and level of such interventions will be gradually decreased," she said.

But Hu, who is also China's foreign exchange chief, added: "We think it's still an open question as to whether the (yuan) exchange rate is undervalued."

In July, China ditched a decade-old policy of pegging the yuan to the U.S. dollar, revalued it by 2.1 percent and moved instead to a managed float.

The move has been welcomed by the United States as a welcome first step toward greater currency flexibility. But the United States, which has argued an undervalued yuan gives China an unfair advantage in world markets, has said further steps are needed.

The topic is expected to be on the table on Friday when officials from China and fellow emerging markets Brazil, Russia, India and South Africa sit down with central bankers and finance ministers from the rich Group of Seven countries for a working luncheon ahead of a formal G7 gathering.

The G7 -- the United States, Britain, Canada, France, Germany, Italy and Japan -- has called for greater currency flexibility in recent post-meeting communiques and faces a delicate task in deciding how to treat the issue in the wake of China's July 21 move.

The revaluation took the yuan from 8.28 to the dollar to 8.11. But the currency has moved up only a further 0.27 percent in the two months since the revaluation, a sign the central bank is keeping it on a tight leash.

"We can't expect the move will change the activity or strategy of the (central bank) in the foreign-exchange market overnight," Hu told the publication.

She said China still needed to take steps to ensure speculative inflows do not destabilize the economy.

"We should first further develop our capital markets and other domestic institutions, to better use our domestic market to finance business," she said. "We have to implement all kinds of control on this hot money. We have to keep our watch on capital inflows."

"We've repeated this many times: a stable exchange rate is in China's best interest," Hu said.



 
  Story Tools  
   
Advertisement
         
主站蜘蛛池模板: 亚洲欧美日韩在线观看二区 | 2020毛片| 神马午夜-午夜片 | 九九国产视频 | 日本一级做人免费视频 | 深夜福利亚洲 | 欧美激情亚洲一区中文字幕 | 成人在线播放视频 | 国产日韩高清一区二区三区 | 亚洲视频在线观看免费视频 | 国产在线欧美日韩一区二区 | 国产成人精品自拍 | 国产成人免费不卡在线观看 | 萌白酱粉嫩jk福利视频在线观看 | 全免费a级毛片免费看 | 久久精品视 | 成年女人永久免费观看片 | 久久免费毛片 | 男女免费爽爽爽在线视频 | 亚洲人成影院午夜网站 | 国产91久久久久久久免费 | 五月桃花网婷婷亚洲综合 | 日韩三级观看 | 国产高清美女一级毛片久久 | 亚洲天堂视频网站 | 日韩欧一级毛片在线播无遮挡 | 成人毛片在线视频 | 久久久久久久国产精品影院 | 欧美巨乳在线 | 亚洲情a成黄在线观看动 | 欧美影院网站视频观看 | 好男人天堂网 | 全国男人的天堂网站 | 国产精品免费久久久免费 | 免费一级毛片不卡在线播放 | 国产成人免费手机在线观看视频 | 久草福利资源 | 免费一级欧美大片久久网 | 欧美一区二区二区 | 国产伦理久久精品久久久久 | 日本亚洲综合 |