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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China's currency nears equilibrium

Xinhua | Updated: 2013-06-08 14:10

Li said the yuan's exchange rate is nearing its equilibrium, as an internationally acknowledged rule of thumb states that equilibrium comes when the current account surplus-GDP ratio is around 3 percent.

Tan also said that the yuan is more likely to weaken against the US dollar in the latter half of the year.

"Even if the yuan strengthens, there is limited room," Tan said.

China's central bank governor Zhou Xiaochuan said Monday at a conference that China will not resort to the competitive devaluation of its currency.

"Refraining from using competitive devaluation measures is not only conducive to global economic growth, but also to China's economic restructuring," Li said.

China is pursuing a transformation from an export-oriented growth pattern to one driven by domestic consumption, requiring the country to shift from the processing trade with low added value to the export of products with more technological content and added value, Li said.

"By not resorting to competitive devaluation, China is also sending a signal that it will steer away from low-end industries in the future, and thus overseas and domestic capital will choose to invest more in high-end industries," according to Li.

Cao Honghui, an analyst at China Development Bank, agreed, saying that the strengthening yuan will help with China's industrial restructuring, as it forces export enterprises to upgrade their products and change destinations for their exports.

Cao said the country should enhance the monitoring of capital inflow and impose restrictions for capital outflow to ward against the impact of frequent cross-border capital flows.

Li believes that the yuan is gradually approaching its equilibrium level and that appreciation pressure is dropping, as it will be difficult for the country to get back to double-digit economic growth.

"The purpose of China's exchange rate reform is not to force the yuan to appreciate or depreciate, but to ensure that it is determined by market forces," Li said.

The country should foster expectations for two-way foreign exchange rate fluctuation in order to reduce speculation and encourage the healthy growth of the yuan, Li said.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
和硕县| 隆化县| 鸡东县| 德兴市| 洪江市| 遂川县| 屏南县| 宜兴市| 定兴县| 西安市| 那坡县| 岳西县| 铁岭市| 庆城县| 湘潭县| 彰武县| 历史| 革吉县| 友谊县| 扎赉特旗| 定远县| 策勒县| 县级市| 调兵山市| 大厂| 定安县| 日照市| 屏东市| 泗水县| 会宁县| 五大连池市| 阿拉善左旗| 邮箱| 阳朔县| 临江市| 都兰县| 定远县| 喜德县| 沧州市| 封丘县| 亚东县|