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(yǔ)Fran?ais
China
Home / China / China

China to keep yuan basically stable in 2006

AFP | Updated: 2006-02-21 20:48

China's central bank vowed to keep the exchange rate "basically stable" in the coming year while allowing market forces to do their work, within limits.

China to keep yuan basically stable in 2006
Chinese yuan banknotes on display in Beijing. China's central bank vowed to keep the exchange rate "basically stable" in the coming year while allowing market forces to do their work, within limits. [AFP]

The People's Bank of China made the pledge in its quarterly report, released on its website, while outlining objectives for the coming months.

"We will take the initiative to improve the managed float system in a gradual and controllable manner, and in accordance with the need for the stable development of the nation's economy and finance," it said.

"We will keep the yuan basically stable at a reasonable and balanced level, allowing the market forces to exercise their basic functions in forming the exchange rate."

The yuan's 11-year peg against the US dollar was scrapped in July last year in favor of a link to a basket of currencies.

Under the new rules, the central bank also began setting a daily central parity rate for the yuan against the dollar, allowing the currency to trade within 0.3 percent of that level.

Since then, the value of the currency has risen from 8.21 to the dollar to around 8.04.

But the United States has been pressuring China to further reform its currency regime, arguing the yuan remains artificially weak, giving the Asian giant an unfair advantage in global trade.

The report detailed other objectives for 2006, including gradually pushing for convertibility of the yuan on the capital account.

"We will increase the channels for inflows and outflows of capital and promote convertibility on the capital account in a stable manner," it said.

The yuan is convertible on the current account for trade in goods and services, but not on the capital account, which means exchanging yuan for purposes such as stock investment is more cumbersome.

The report also suggested the central bank will pay attention to the inflow of hot money, aimed at short-term speculative gains.

"We will strengthen efforts to monitor short-term fund inflows, and implement stable management of fund flows," it said.

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
 
新郑市| 北海市| 华坪县| 武定县| 绵竹市| 玉山县| 抚松县| 孟村| 长顺县| 枝江市| 珲春市| 集安市| 伊宁市| 重庆市| 浙江省| 特克斯县| 连平县| 建德市| 比如县| 武夷山市| 观塘区| 蓬莱市| 潼关县| 湖口县| 砚山县| 呼和浩特市| 永丰县| 那曲县| 阿拉善右旗| 五指山市| 额济纳旗| 屯昌县| 科尔| 凌海市| 巨野县| 德江县| 乌拉特后旗| 万源市| 定西市| 武乡县| 岳西县|