Home>News Center>China
       
 

Governor: Renminbi reform on sound track
By Li Fangchao (China Daily)
Updated: 2006-03-13 05:33

China will reform its foreign exchange system in an orderly way and will not bend to pressure from the US to float the yuan, said Zhou Xiaochuan, governor of the People's Bank of China.

China has its "own principles" to carry out its exchange rate reform and the current rate is appropriate, Zhou told reporters at the sideline of the annual session of National People's Congress (NPC) on Saturday.

Governor: Renminbi reform on sound track
Zhou Xiaochuan, governor of the People's Bank of China [newsphoto/file]
In response to the recent fall of the yuan on the international market, Zhou said it was mainly determined by the supply and demand force in the market. He said that the dollar was a little stronger against the euro and the yen, thus affecting the yuan.

Zhou said that although the main theme of the World Bank and International Monetary Fund meeting in April is about the global economic disparity, discussion with the US on bilateral issues would be also unavoidable, without elaborating whether currency reform will be involved.

US Treasury Secretary John Snow again urged China to float its exchange rate on Friday. There are reports that he is under mounting pressure from the US lawmakers to label China a currency manipulator in a report due in April. US President George W. Bush also said that he would adopt further movement to press China to appreciate its currency soon.

The yuan has floated less than one per cent since the central government revalued it and discarded its peg on the greenback on July 21 last year.

Premier Wen Jiabao said in this year's government report that China will improve the system of managed floating foreign currency exchange rates and keep the Renminbi exchange rate basically stable at an appropriate and balanced level.

(China Daily 03/13/2006 page2)



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 gains; revaluation pressure to ease
   
Bank official denies gov't manipulation of yuan
   
Economist: Cut dollar share of forex reserves
   
China: No timetable on yuan convertibility
   
China to follow own reform path for yuan
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 我要看18毛片| 武林高贵肥臀胖乳美妇| 国产精品久久久久久久久电影网| 中文字幕人妻色偷偷久久| 欧美成人观看视频在线| 啊灬啊灬啊灬快灬深用力| 亚洲欧美视频二区| 天堂精品高清1区2区3区| 主播福利在线观看| 欧美18www| 亚洲视频国产视频| 色狠狠狠狠综合影视| 国产精品成人一区二区三区| 一区二区三区免费电影| 日本熟妇人妻xxxxx人hd| 亚洲成在人线在线播放无码| 精品久久国产字幕高潮| 国产亚洲精品拍拍拍拍拍| h小视频在线观看| 在线观看成人免费视频| 中文字幕亚洲欧美一区| 最新国产精品视频| 亚洲激情小视频| 精品亚洲成a人在线观看| 国产在线不卡视频| 一进一出动态图| 天天天操天天天干| 中文字幕日韩人妻不卡一区| 最近2019中文字幕mv免费看| 亚洲第一福利网站| 第三种爱情免费完整版观看| 国产一级αv片免费观看| 黑人操日本美女| 国产精品萌白酱在线观看| а√天堂中文在线官网| 无码办公室丝袜OL中文字幕 | 亚洲欧美色一区二区三区| 精品国产v无码大片在线观看| 国产亚洲综合一区二区三区| 日本人强jizz多人| 国产精品自产拍在线观看花钱看|