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>China
       
 

China abolishes yuan-dollar peg, adopts floating rate
By Xu Binglan (China Daily)
Updated: 2005-07-22 05:33

In a long-awaited but unexpected move, China yesterday announced that its currency will no longer be pegged to the US dollar.

China abolishes yuan-dollar peg, adopts floating rate

A shopper hands Chinese money to a cashier in Beijing in this May 27, 2004 file photo. China scrapped the yuan's peg to the U.S. dollar on July 21, 2005 and it tied it to a basket of currencies, the central bank said, the first steps in highly anticipated reforms aimed at letting the currency float freely.[Reuters]

From now on the renminbi, or yuan's, exchange rate will be adjusted according to a basket of currencies, the People's Bank of China (PBOC) said, adding that it marked the introduction of "a more flexible mechanism for the exchange rate's formation."

The central bank did not specify what currencies would be in the basket.

The central bank strengthened the exchange rate of the renminbi to 8.11 to the dollar, up from 8.28, where it had been fixed for years, it said in a surprise announcement on the State television evening news.

The change amounts to a 2 per cent appreciation of the renminbi.

The reform is "in the interests of the country's long-term, fundamental interests," the central bank said in a separate statement.

Pursuing a more flexible, market-based foreign exchange system has been on the agenda for the country's economic reform.

   上一頁(yè) 1 2 3 下一頁(yè)  



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
镇沅| 太湖县| 阿克陶县| 磴口县| 博客| 都匀市| 南漳县| 凤阳县| 隆林| 高陵县| 鹿邑县| 准格尔旗| 龙胜| 冷水江市| 砀山县| 离岛区| 安陆市| 多伦县| 文昌市| 柳林县| 来凤县| 大厂| 辰溪县| 麦盖提县| 绥宁县| 澳门| 华坪县| 灵璧县| 张掖市| 托克托县| 威远县| 宁夏| 德令哈市| 商丘市| 财经| 秭归县| 金沙县| 涿州市| 池州市| 柘城县| 云浮市|