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

Rate measures to help banks reduce risks
By Zhang Dingmin (China Daily)
Updated: 2005-09-26 05:29

"The market performance since the exchange rate forming mechanism reform demonstrates that the current floating range for the renminbi against the US dollar is appropriate," the spokesman said. "It not only meets the trading needs of market, but helps safeguard the basic stability of the renminbi exchange rate."

On Saturday, Jin Renqing, China's finance minister, told an annual meeting of the International Monetary Fund (IMF) the Chinese Government has been consistently pursuing an independent and responsible policy approach in its exchange rate regime.

China still faces international pressure from trade partners, which complain the renminbi is undervalued to give Chinese exports unfair advantage.

"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.

In another development, Governor of the People's Bank of China Zhou Xiaochuan said on Saturday that major industrial countries should abandon the outdated mentality and behavior of trade protectionism.

Speaking at the twelfth meeting of the International Monetary and Financial Committee, the policy-making body of IMF, Zhou pointed out that protectionist sentiments are mounting in some industrial countries because of concerns over the competitive pressures arising from emerging markets, and some countries have even inappropriately politicized economic issues.

"Such behaviour not only harms the global economy, but also undermines the principle of fair competition and the spirit of amicable co-operation that the international community has been working so hard to promote," he said.

(China Daily 09/26/2005 page1)

Close

Paramilitary troops training Yichang Three Gorges International Tourism Festival Beijing International Cultural and Tourism Festival

Today's Top News     Top China News
Rate measures to help banks reduce risks         HK legislators start historic mainland visit         Damrey smashes into South China         China Open: Chinese duo fail to make history         Rita's destruction falls short of fears         China, India set for fresh border talks	China, India set for fresh border talks       China pursuing independent approach to currency reforms       Rural insurance urged for aged people       Macao chief calls for more participation in legislative poll       HK legislators visit Pearl River Delta       2006 forum on traditional medicines to be held in Beijing