Home>News Center>China
       
 

Exchange rate range to adjust at proper time
(China Daily/Xinhua)
Updated: 2005-08-05 05:48

China will adjust the float range of its currency exchange rate at the proper time based on market situation and economic and financial circumstances, said a report released yesterday by the People's Bank of China, the central bank, on monetary policy in the second quarter of this year.

Exchange rate range to adjust at proper time
Bank of China Governor Zhou Xiaochuan has said that the 2.1 percent appreciation of the yuan against the US dollar does not mean that there will be further adjustments. Picture was taken on July 31, 2005. [AFP]
According to the domestic and international economic and financial circumstances, the central bank will manage the yuan's exchange rate on the basis of market supply and demand and with reference to a basket of currencies.

This will maintain the yuan's basic stability at a reasonable equilibrium, keep the basic balance of international payment as well as safeguarding the stability of the macro-economy and financial market.

After China unexpectedly allowed its currency, the yuan, to appreciate by a modest 2 per cent on July 21, the trading price between US dollars and yuan can fluctuate within 0.3 per cent in inter-bank foreign exchange market, and the trading price between non-US dollars and yuan can be fluctuated within 1.5 per cent.

"A revaluation of renminbi by 2 per cent, effective at the beginning of the exchange rate regime reform, does not in the least imply an initial move which warrants further actions in the future," the central bank announced solemnly.

Reform of the RMB exchange rate regime has been proceeded in an active, controllable and gradual way, the central bank said.

   上一頁 1 2 下一頁  



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Yuan revaluation said good for HK
   
Yuan revaluation said good for HK
   
RMB revaluation unexpected but just right
   
RMB appreciation positive for economy, trade
   
Yuan move won't alter US trade gap
   
Yuan move won't alter US trade gap
   
China to wield leverage of exchange rates
   
China official: Hedge funds delay convertibility
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国内精品久久人妻无码不卡| 曰本视频网络www色| 成人免费一级片| 亚洲av片不卡无码久久| 波多野结衣痴汉| 国产大尺度吃奶无遮无挡网| 4408私人影院| 天堂8在线天堂资源8| 中文字字幕码一二区| 日本动态120秒免费| 五月天婷婷社区| 欧美性一交激情视频在线| 亚洲精品成人片在线播放| 秋霞免费一级毛片| 又粗又黄又猛又爽大片免费| 象人族女人能吃得消吗| 大乳丰满人妻中文字幕日本| 东北疯狂xxxxbbbb中国| 无码人妻久久一区二区三区免费| 久久综合久久鬼| 欧美e片成人在线播放乱妇| 亚洲影院adc| 精品无人区乱码麻豆1区2区| 国产乱子伦农村xxxx| 韩国福利影视一区二区三区| 国产成人久久777777| 黄色片在线播放| 国产日韩精品欧美一区喷水| 香蕉国产综合久久猫咪| 国产精品林美惠子在线播放| 91精品欧美产品免费观看| 在线播放免费播放av片| 99色在线观看| 天堂а√在线最新版在线8| sao虎新版高清视频在线网址| 婷婷综合激情网| yellow2019电影在线高清观看| 少妇人妻在线视频| 一个人看的www视频免费在线观看| 强3d不知火舞视频无掩挡网站 | 精品欧美一区二区三区在线观看 |