.contact us |.about us

Highlights ... ...
Search:
    Advertisement
No more yuan moves soon: economist
( 2005-08-09 10:12) (Shenzhen Daily/Agencies)

China would not adjust the yuan's exchange rate any further in the next three to six months while it assessed the impact of last month's 2.1 percent revaluation, a senior economist said.

"Policymakers will observe the effects of the revaluation on the economy and the degree to which it is digested. This is an adjustment period," said Ba Shusong, a vice director with the State Council's Development Research Center.

"Exchange rate reform will affect trade, employment, farm products, and the overall economy. Companies and financial institutions all need time to adjust," Ba said in a weekend interview with the Shanghai Securities News.

The Development Research Center advises the State Council, China's Cabinet, on economic policy.

Ba said the long-awaited revaluation, which also scrapped the yuan's peg to the dollar in favor of an exchange rate managed with reference to a currency basket, would make it easier for the central bank to fight speculators betting on further appreciation.

"Under the floating exchange rate system, the initiative to take on speculators is in the hands of the central bank, while under the fixed exchange rate system, the initiative is actually in the hands of speculative capital," Ba said.

The modest size of the revaluation had not given speculators much of a profit, while the new managed float system introduced uncertainty by allowing the yuan to move up or down, Ba said.

The revaluation would help bring about an overall balance in China's trade account, but would have only a very small effect on China's huge surplus with the United States, Ba said. 


 

   
Close  
  Go to Another Section  
     
 
 
     
  Article Tools  
     
  E-Mail This Article
Print Friendly Format
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 中国黄色免费网站| 亚洲福利视频一区二区| 欧美性猛交xxxx88| 国产三级久久精品三级| 在线观看日韩电影| 国语精品91自产拍在线观看二区| 国产精品乱码在线观看| 日韩精品无码一区二区三区AV| 暖暖日本免费中文字幕| 91黑丝国产线观看免费| 亚洲图片校园春色| 国产**一级毛片视频直播| 国产高清一级毛片在线人| 国色天香论坛社区在线视频| 女人腿张开让男人桶爽| 女欢女爱第一季| 国产无卡一级毛片aaa| 国产在线观看一区精品| 国产乱子伦在线观看| 和武警第一次做男男gay| 免费黄色网址在线观看| 人妻少妇偷人精品视频| 亚洲欧美日韩天堂在线观看| 亚洲国产精品成人午夜在线观看| 亚洲AV永久无码精品漫画| 久久精品亚洲一区二区| 久久亚洲精品无码| 一本色综合久久| 97碰在线视频| 五月天婷婷精品视频| 91成人午夜在线精品| 久久丫精品国产亚洲AV| 亲密爱人免费观看完整版| 国产人妖在线播放| 国产精品久关键词| 国产成人精品免费久久久久| 国产精品自在线拍国产手机版| 女m羞辱调教视频网站| 男人边做边吃奶头视频| 色综合天天综合网站中国| 2022国内精品免费福利视频|