Home>News Center>China
       
 

China to gradually push forward yuan reform
(AFP)
Updated: 2005-11-07 22:15

China's central bank reiterated it will gradually push forward reform of its float currency regime while keeping its exchange rate at a "reasonable and balanced level".


A currency trader counts yuan banknotes in Beijing. China's central bank reiterated it will gradually push forward reform of its managed float currency regime while keeping its exchange rate at a 'reasonable and balanced level'. [AFP]

"We will gradually push forward reform of the exchange rate mechanism, establish a market-oriented, managed floating exchange rate system and maintain the basic stability of the yuan at a reasonable and balanced level," the central bank said on its website.

The People's Bank of China stressed that a "stable currency value would help to maintain financial stability".

"China's active exchange rate reform, sound international balance of payments, ample foreign exchange reserves and gradual opening of the capital account have provided a good external environment for China's financial stability," the bank said Monday.

China's major trade partners, especially the United States, have been pressuring Beijing to allow more flexibility into the regime following the scrapping of a peg to the US dollar and a 2.1 percent revaluation on July 21.

The yuan closed Monday at 8.0877 yuan to the dollar, compared with the initial revaluation rate of 8.11.

The bank also said it would continue to carefully watch changes in the global economy, "including the negative impact on the global financial stability from US interest rate hikes, surging oil prices and trade frictions."

Further liberalisation of China's interest rate regime and speeding up the reform of financial institutions were also on the table, it said.

To maintain stability the economy needs to be rebalanced, away from investment and exports, it said, adding that lessening local governments' debt burdens and reliance on the banking system for credit were also crucial.



Commemoration of Zheng He in Nanjing
Chickens culled in Liaoning
Donations to help leukaemia children
  Today's Top News     Top China News
 

Beijing, Washington strike deal on China textiles

 

   
 

China seeks WHO help in testing for bird flu

 

   
 

China to gradually push forward yuan reform

 

   
 

Toll hits 27 in Hebei's gypsum mine collapse

 

   
 

Report: Russia mulls China pipeline branch

 

   
 

Shanghai No 1 in industrial competitiveness

 

   
  Air pollution 'will be tackled' by 2008
   
  China seeks WHO help in testing for bird flu
   
  Greater efforts on bird flu control urged
   
  Giant windmill projects coming up in 4 provinces
   
  Teaching English still top job for foreign experts
   
  15 people dead in bridge collapse
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国产一在线精品一区在线观看| 好大的奶女好爽视频| 国产成人免费a在线视频色戒| 99久热任我爽精品视频| 成人欧美一区二区三区在线| 亚洲深深色噜噜狠狠爱网站| 精品国产一区二区三区www| 国产乱子伦农村xxxx| 国产在线h视频| 国产精品乱码在线观看| 97精品依人久久久大香线蕉97 | 国产高跟踩踏vk| 国产精品怡红院在线观看| 99久久精品九九亚洲精品| 女人18毛片一级毛片在线| 一级毛片a女人刺激视频免费| 欧美亚洲欧美区| 日韩一卡二卡三卡| 插插插综合视频| 亚洲AV无码成人精品区在线观看| 欧美精品一区二区精品久久| 人妻无码一区二区三区| 福利一区二区视频| 国产欧美一区二区精品久久久 | 久久亚洲国产精品成人AV秋霞 | 国产精品自在欧美一区| 99在线精品免费视频| 天天干天天在线| jizzjizz成熟丰满舒服| 日本高清免费不卡在线| 亚洲av专区无码观看精品天堂| 欧美日韩精品一区二区三区四区| 亚洲色偷偷色噜噜狠狠99| 狼群视频在线观看www| 国产三级日产三级韩国三级| 黑白禁区在线观看免费版 | 国产乱了真实在线观看| 青草青草久热精品视频在线观看| 国产综合久久久久| 99re久久在热线播放最新地址| 天堂√在线中文资源网|