国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Recent yuan's depreciation within 'normal' range

(Xinhua) Updated: 2014-04-11 10:25

WASHINGTON -- The recent depreciation in the value of Chinese currency renminbi, or the yuan, is within normal range and China is still on track toward a more market-oriented exchange rate regime, a senior Chinese central bank official said here Thursday.

"The recent movement of the renminbi, especially since February and March, I think is normal. The depreciation is only something like 2 percent," Yi Gang, deputy governor of the People's Bank of China, said at a seminar hosted by the School of Advanced International Studies in Johns Hopkins University.

"If you look at the volatility of all currencies, probably the renminbi is among the smallest," he added, noting that the volatility of renminbi is minor compared to other emerging market currencies such as Indian Rupee and Brazilian real.

He said he expected yuan's flexibility to increase in the future with two-way fluctuation instead of one way appreciation.

"If you look at China and you look at the movement of the exchange rate in February and March, we are facing the international external environment of the QE (quantitative easing) tapering by the Fed and also facing the economic slowdown, there are some signals predicting China is going to slow down. And the third item, if you look at February's trade number, we have a $23 billion trade deficit in February," said Yi.

"So if you look at what (Fed Chair) Janet Yellen's saying, and the trade figures in China, and also economic indicators," he added. "The market played a determining role in resources allocation. If you believe that, then I think you should let it go. "

Yi's comments came several days after a senior US Treasury official said Washington would watch closely whether the weakness of yuan signals a shift in China's policy away from moving toward a market-based exchange rate.

"Of course, it's perfectly normal and understandable that relevant countries and my dear colleagues, they have some concerns. I think that's perfectly normal," said Yi. "I believe that, as time passes by, people will see clearly and better that the entire exchange rate regime mechanism in China is moving toward a market- oriented way."

The deputy central bank governor said the financial sector reform is an important part in the comprehensive reform blueprint outlined in the Third Plenum of the 18th Central Committee of the Communist Party of China held in November, and China will continue to push forward with it despite difficulties.

"China will implement a deposit-insurance scheme, probably this year," he noted, citing it as "a very important

Recent yuan's depreciation within 'normal' range
Yuan eases on widened trading band

Hot Topics

Editor's Picks
...
...
武隆县| 巩留县| 沁源县| 垣曲县| 曲阳县| 岚皋县| 花莲县| 邻水| 徐闻县| 胶南市| 阳曲县| 策勒县| 大渡口区| 江永县| 和顺县| 谢通门县| 保靖县| 齐齐哈尔市| 福清市| 昌黎县| 清镇市| 东丰县| 永昌县| 卢湾区| 洛隆县| 肇州县| 红原县| 新疆| 中牟县| 阜康市| 东平县| 扶风县| 土默特右旗| 墨脱县| 多伦县| 怀化市| 仁布县| 承德县| 长兴县| 新兴县| 那曲县|