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

China pursue independent approach to currency reforms
(AP)
Updated: 2005-09-25 09:01

Chinese Finance Minister Jin Renqing stressed Saturday that Beijing is adopting "an independent and responsible" approach to its currency reforms.

In addressing the annual meetings of the 184-nation International Monetary Fund and its sister organization the World Bank, Jin said with the country's economic growth, "China's economic policies have attracted a lot of attention, especially regarding the exchange rate policy."

"I would like to take this opportunity to emphasize that the Chinese government has been consistently pursuing an independent and responsible policy approach in its exchange rate regime," he said.

China's Finance Minister Jin Renqing, right, is welcomed by U.S. Treasury Secretary John Snow for private talks at International Monetary Fund Headquarters in Washington, Saturday, Sept. 24, 2005.[AP]

China has long been under international pressure to loosen its tightly controlled exchange rates. In the U.S., manufacturers and politicians blame an undervalued Chinese currency for the United States' soaring trade deficit and contend the situation could disrupt the world economy.

On July 21, China announced that it was allowing its currency _ the yuan, but also called renminbi _ to appreciate by 2.1 percent against the U.S. dollar and would adopt a policy of linking its currency to a basket of foreign currencies. Under that system, the yuan was allowed to rise or fall 0.3 percent against the dollar and a wider 1.5 percent against non-dollar currencies, such as the yen and the euro.

On Friday, shortly before Jin and central bank governor Zhou Xiaochuan were to attend as observers the meeting of finance ministers and central bankers from the Group of Seven leading industrialized nations, China said it would let the yuan move up or down 3 percent against non-dollar currencies, while leaving the yuan-dollar band unchanged.

Jin didn't indicate in his speech on Saturday whether the Chinese government will make any further adjustment of the Chinese currency.

"The reformed exchange rate regime and more flexible renminbi exchange rate have strengthened the government's ability to manage the macro economy and improved the prospect of rapid, sustained and balanced growth," he said.

Close

Yao Ming, Liu Xiang named Shanghai image representatives Li Ao in Shanghai Fire breaks out at commercial building in Changsha

Today's Top News     Top China News
Countdown to second manned space launch         Damrey kills 6, wreaks havoc in Hainan         'Anti-war Mom' arrested outside White House         China, India discuss border in Beijing         US, China try again for textile pact         497 officials retract stakes in coal mines	497 officials retract stakes in coal mines       US, China try again for textile pact       Tsang hails lawmakers' mainland trip success       China, India discuss border in Beijing       New 'Silk Road' could ease Sino-EU trade       'Chinese Google' in court again