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

  Home>News Center>Bizchina
       
 

Freer yuan would bolster other policy measures
(Shenzhen Daily/Agencies)
Updated: 2006-01-24 11:40

The central bank would gain greater control over the country's money supply if it allowed more flexibility for the yuan, a semi-official think tank said in a report published yesterday.

The China Society of Economic Reform said in a research note that the yuan's tight daily floating range and the country's rapidly growing foreign exchange reserves meant the central bank had relatively little control over money supply.

"The key issue for monetary policy is the yuan's exchange rate," it said in the report, published in the China Securities Journal.

"If the government widened the yuan's daily floating range or allowed the yuan to rise 3 to 5 percent in 2006, the pressure on monetary policy would be eased somewhat, and other policy measures would become more effective," it said.

The yuan, revalued by 2.1 percent against the U.S. dollar in July, is limited to moving 0.3 percent against the dollar in either direction in a single trading day, but in practice it has never moved more than a small fraction of that figure.

The research body added that, with the establishment of a market-making system this month, the People's Bank of China had maintained tight control over the currency market, preventing market makers from fully playing their role.

The China Society of Economic Reform undertakes research on behalf of the government on economic topics. The results of its research are often used as a reference in policymaking.



 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
和龙市| 论坛| 多伦县| 丰县| 大连市| 克什克腾旗| 峨眉山市| 高台县| 垫江县| 四会市| 吉安县| 孟连| 苍溪县| 扬州市| 彭水| 汶川县| 滨州市| 白山市| 子洲县| 邓州市| 察哈| 祁阳县| 遵化市| 玛曲县| 黄石市| 丹东市| 攀枝花市| 大余县| 尖扎县| 呼玛县| 田阳县| 密云县| 宜章县| 临潭县| 阿鲁科尔沁旗| 秀山| 邓州市| 凤庆县| 沧州市| 桐乡市| 莲花县|