Home>News Center>China
       
 

Yuan move won't alter US trade gap
(Agencies)
Updated: 2005-07-24 10:17

China's latest decision to cut its currency's link to the dollar will do little to narrow the huge U.S. trade deficit with China, the central bank chief predicted Saturday.


China's exchange rate reform is a 'slow business', central bank head Zhou Xiaochuan said on May 24, 2005. [AFP]
The remark came after American analysts said the shift — which could make Chinese exports more expensive — might help repair the growing U.S. trade imbalance with China, which hit a record-high $160 billion last year.

"China's exchange rate reform won't have too much influence on U.S. deficits," Zhou Xiaochuan, governor of the People's Bank of China, said at a conference of bankers.

It was his first public comment since the surprise announcement Thursday that the central bank was pushing the yuan up by 2.1 percent against the dollar and adopting a more flexible exchange rate system that could allow it to slowly rise further.

The decision to remove the peg to the dollar followed years of lobbying by the United States and other trading partners who maintained China's yuan was undervalued and gave the country's exporters an unfair price advantage.

But Zhou said China took the step to meet its own economic needs — not because of foreign pressure.
Page: 123



China scraps yuan peg to US dollar
Taiyuan explosion kills one, injures 33
Typhoon Haitang floods coastal areas
  Today's Top News     Top China News
 

Strange disease kills 17 in Sichuan

 

   
 

Yuan move won't alter US trade gap

 

   
 

ROK, DPRK agree on denuclearization

 

   
 

British kill Brazilian in bomb probe blunder

 

   
 

Soong pledges to promote cross-Strait peace

 

   
 

China protests new US textile restrictions

 

   
  Five detained in mine blast that killed 83
   
  Soong pledges to promote cross-Strait peace
   
  Tourists from overseas flocking to south China
   
  Colliery gas poisoning kills four miners
   
  Rain cools down summer heat in Beijing
   
  Yuan move won't alter US trade gap
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Yuan reform 'up to China' : ASEM Finance Ministers' Meeting
   
China pursues gradual reform of RMB rate
   
Wen: Goal for yuan is a managed float
   
Governor: Yuan peg reform 'a slow business'
   
Governor: Yuan peg reform 'a slow business'
   
China spends US$195b to maintain yuan peg
   
Officials: No rush on yuan reform
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 女人国产香蕉久久精品| 欧美亚洲国产精品久久高清| 成人综合婷婷国产精品久久蜜臀| 亚洲国产精品无码久久久蜜芽 | 九位美女尿撒尿11分钟| 美女黄网站人色视频免费| 国产麻豆free中文| 久久99精品国产麻豆不卡| 污网址在线观看| 国产乱子伦精品免费无码专区| xxxxwwww中国| 御书宅自由小说阅读无弹窗| 亚洲国产成人久久综合区| 精品视频一区二区三区免费| 国产精品夜间视频香蕉| 中文国产成人精品久久96| 欧美日一区二区三区| 又爽又高潮的BB视频免费看| 香蕉狠狠再啪线视频| 广西美女一级毛片| 免费又黄又硬又爽大片| 亚洲av无码久久忘忧草| 色在线免费视频| 国产精品第2页| 丁香婷婷亚洲六月综合色| 果冻传媒mv在线| 全彩本子里番调教仆人| 色吊丝av中文字幕| 国产精品videossex国产高清| 一线高清视频在线观看www国产| 日本三级韩国三级三级a级按摩| 亚洲无码一区二区三区| 淫444kkk| 四虎影视在线永久免费看黄| 色聚网久久综合| 婷婷五月综合色中文字幕| 久久精品无码一区二区日韩av| 欧美交a欧美精品喷水| 亚洲国产精品无码久久久蜜芽| 欧美老熟妇欲乱高清视频| 午夜久久久久久|