男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Currency's value rise considered 'reasonable'

Updated: 2011-11-05 08:21

By Zhang Chunyan (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0
CANNES, France - The renminbi is coming close to having a reasonable exchange rate, Chinese Commerce Minister Chen Deming said at the G20 summit.

Chen told reporters on Thursday that the yuan has risen by about 30 percent against the US dollar since 2005, and China's trade surpluses are declining when compared with the value of its gross domestic product.

In September, selling pressure appeared for the yuan, showing that the market perception of the currency is starting to change, Chen added.

The Chinese yuan closed at a record high against the dollar on Friday. Its reference rate was set at 6.3165 on Friday, the highest it has been since July 2005.

Chen said the eurozone troubles have not had a big effect on China's exports to that region, but said he expects that they will affect global trade more as time goes on.

The world and China have an interest in helping Europe overcome the difficulties, he said.

China will concentrate on importing more from Europe, Chen added.

China has long faced pressure from the US and other Western nations to allow the value of its yuan to float more freely, but it has refused to bow to those demands.

"The renminbi should appreciate in a controlled way," Yao Shujie, head of the UK-based University of Nottingham's school of Contemporary Chinese Studies.

China's economy still has many obstacles it must overcome if it is to grow more. Those include its shortage of energy, dependence on manufacturing and its production primarily of low-tech goods, Yao said.

"Rapid appreciation will hit exporters, and particularly medium-sized and small enterprises," Yao said.

Yao said world leaders should try to understand the difficulties that a rapid currency appreciation will impose on China and recognize that any harm done to the country's economy will harm the world as well.

"Allowing the currency to move at a faster pace is not the ultimate solution to China's core problems," said Simon Derrick, head of currency strategy at BNY Mellon, a New York-based investment management and investment services company.

"It therefore seems to me that these latest developments in monetary policy in the US and elsewhere only increase the pressure on China to pick up the pace of currency liberalization," Derrick said.

G20 leaders met in Cannes on Thursday and Friday to discuss Europe's work to deal with its debt crisis and revise their plans for rebalancing the world economy.

Global trade

Chen also published an article in the Daily Telegraph on Thursday, saying China is doing its part to rebalance global trade by stoking domestic demand and cutting import tariffs.

Chen wrote that other countries should not think that they can improve their domestic conditions by criticizing China's trade and currency arrangements and resorting to protectionism.

"Rather, they could negate our efforts to expand imports, crush global market confidence and cast a dark shadow over the recovery prospects of the world economy," Chen said.

As China takes steps to further open its economy, it is expected to bring in more than $1.7 trillion worth of imports this year and about $10 trillion during the next five years, Chen said.

Cecily Liu contributed to this story.

主站蜘蛛池模板: 马尔康县| 永德县| 深圳市| 张北县| 内江市| 涿州市| 县级市| 青冈县| 沙田区| 尼木县| 杭锦旗| 隆昌县| 云林县| 中牟县| 晴隆县| 宣威市| 道孚县| 剑川县| 普安县| 垦利县| 绥滨县| 洱源县| 大邑县| 大余县| 历史| 鄄城县| 洱源县| 潢川县| 鄂尔多斯市| 徐闻县| 昌平区| 新源县| 丹寨县| 虹口区| 兴安盟| 阿拉善右旗| 梅州市| 金阳县| 扶余县| 灯塔市| 龙陵县| 桦南县| 延津县| 长宁区| 旺苍县| 台南县| 垣曲县| 平阴县| 巢湖市| 浮山县| 巴彦县| 营口市| 班玛县| 瑞金市| 东方市| 五大连池市| 乌拉特中旗| 湟源县| 阿克陶县| 嘉黎县| 苍南县| 隆子县| 青岛市| 金华市| 丹东市| 沧源| 西青区| 朝阳区| 饶阳县| 库车县| 正宁县| 塔城市| 海林市| 兖州市| 南和县| 永顺县| 大兴区| 黎川县| 湖口县| 晴隆县| 扶沟县| 公安县|