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
Chinadaily.com.cn
 
Go Adv Search

Market to have more say in yuan value: PBOC's Yi

Updated: 2012-04-23 10:52

By Ma Liyao (China Daily)

  Comments() Print Mail Large Medium  Small

China is ready to move on letting the market play a bigger role in foreign exchange rates, Yi Gang, deputy governor of the People's Bank of China, said on Saturday.

"It's time to let the market more or less decide the rate while reducing the intervention," Yi said at a panel discussion on the sidelines of the International Monetary Fund's annual spring meetings. Yi, who is also the director of the State Administration of Foreign Exchange, answered "Yes" when asked if Beijing would act further to make the foreign exchange rate more flexible.

China's central bank announced a widening of the yuan's trading band against the US dollar from 0.5 percent to 1 percent on April 14, its first move since 2007.

On Thursday, the IMF said the decision was a step in the right direction, and an assessment of the currency's valuation will be seen in the coming months.

"This reform is aiming at increasing the flexibility of the renminbi exchange rate and making market forces play a more important role in determining the rate," Yi said.

He did not outline specific plans or schedules, but said there have been "persistent two-way bets" on the renminbi exchange rate in the last two quarters, as opposed to the one-way bet of the past. Doubling of the yuan's trading band last week was the first widening since 2007.

Account surplus

China's current account surplus dropped to about 2.7 percent of GDP in 2011 from over 10 percent in 2007, and the IMF's latest World Economic Outlook has sharply reduced its prediction for its growth.

"I'd say around two-thirds (of the decline in the surplus) is due to long-term structural changes, for example, the increasing labor costs and rising renminbi exchange rate. The other third comes from weakening external demand," Yi said.

An IMF official said previously that the decline in China's current account surplus was driven more by investment than consumption, raising the concerns of the country risking new domestic imbalance.

"In terms of stimulating domestic demand, it is definitely the right direction to go, and lots may be done to achieve the goal, but we must avoid economic bubbles and exchange rate overshooting," Yi said.

maliyao@chinadaily.com.cn

主站蜘蛛池模板: 防城港市| 永嘉县| 靖远县| 青海省| 盐池县| 砚山县| 汉沽区| 鄂托克前旗| 吉木乃县| 通州市| 甘谷县| 皋兰县| 县级市| 雷波县| 固镇县| 长乐市| 葵青区| 姚安县| 松江区| 盐池县| 铜川市| 中阳县| 阆中市| 德清县| 安西县| 酒泉市| 涿州市| 航空| 金平| 揭西县| 宜丰县| 宜黄县| 万全县| 渭源县| 简阳市| 雷山县| 海安县| 那曲县| 阜南县| 仲巴县| 安泽县| 望奎县| 晋宁县| 东乡县| 广丰县| 黄陵县| 广元市| 天津市| 出国| 股票| 报价| 泾川县| 星子县| 桦甸市| 原平市| 乐山市| 维西| 磴口县| 夏津县| 洛隆县| 正定县| 北碚区| 广安市| 巍山| 永春县| 兴文县| 都江堰市| 巴青县| 兴安县| 德庆县| 翁牛特旗| 元谋县| 团风县| 滨州市| 宕昌县| 哈尔滨市| 于都县| 潼关县| 南昌市| 云安县| 曲靖市| 绥德县|