日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

BIZCHINA> RMB Revaluation
RMB gains before US Treasury Secretary's visit
(chinadaily.com.cn)
Updated: 2006-09-19 16:29
China's currency witnessed a remarkable gain on Tuesday, nearing the 7.90 thresholds to the US dollar, one day before American Treasury Secretary Henry Paulson's visit.

The yuan, also called Renminbi, rose 0.14 percent to 7.9350 against the dollar at 2:28 pm. at the foreign exchange transaction market in Shanghai, according to data Bloomberg compiled.

The People's Bank of China, the central bank, set the central parity rate, the level from which the market rate will be allowed to move 0.3 percent on either side in the coming trading day, at 7.9342, up from 7.9431 on Monday.

The value of the yuan, a focus of the world financial markets, has gained another 2 percent since Beijing replaced a peg to the US dollar with a managed float on July 21, 2005.

Financial market analysts have linked the jump of the yuan to Paulson's first visit to China in his capacity as US financial secretary.

"China is paying its respects to an important visitor,'' Bloomberg quoted Hideki Hayashi, a currency strategist in Tokyo at Shinko Securities Co. as saying. "The authorities want to display a policy that has and will allow for a continued gradual appreciation."

The effect of changes to exchange-rate policy "will be felt over time," the central bank Governor Zhou Xiaochuan said in Singapore on Tuesday in an address to the International Monetary Fund.

Earlier, he told reporters in Singapore that China's currency reform must be kept in a "gradual, effective and controllable" manner.

US lawmakers have blamed a weak yuan for an influx of Chinese imports, leading to a record US$201.6 billion trade deficit in 2005, and manufacturing job losses.Beijing scholars have countered that inexpensive Chinese goods have helped improve the living quality of ordinary American households, keep down inflationary pressure, and contribute to American economic boom.

However, US Senators Charles Schumer and Lindsey Graham are requesting a vote in the Senate before the end of this month on a bill to slap a 27.5 percent punitive tariff on Chinese imports.

Paulson has said the yuan's value is a "symbol of unfair competition" and a stronger currency is in the best interest of China because it would help cool export-driven economic growth.

"Paulson is taking a 'softly softly' approach," said Richard Yetsenga, a currency strategist at HSBC Holdings Plc in Hong Kong. "Some people think it's going to bring more success on the currency front, but the number one lesson we've seen from China is it's going to move at a speed it's comfortable with -- and that's slowly."

Policy makers from the Group of Seven nations who met in Singapore over the weekend said greater currency flexibility is "desirable in emerging economies with large current-account surpluses, especially China." The group dropped a call for currency appreciation.

"It's a story of evolution not revolution," Steve Rowles, a currency strategist at CFC Seymour Ltd., said in Hong Kong. "China's not going to do very much on its currency."

The yuan may strengthen to 7.85 by the end of year, Bloomberg quoted him as saying.


(For more biz stories, please visit Industries)
主站蜘蛛池模板: 亚洲国产精品va在线看黑人 | 日本黄色一级网站 | 亚洲精品视频在线观看免费 | 99精品免费观看 | 男人的天堂中文字幕 | 在线看成人片 | 欧美成人精品激情在线观看 | 97黄色| 欧美极品在线 | 国产精品视频免费播放 | 欧美精品国产精品 | 在线免费亚洲 | 成人激情视频网站 | 国产v在线观看 | 久久嫩草| 亚洲精品aa | 欧美无砖区 | 亚洲区av| 国产女av| 欧美日韩中文字幕在线视频 | 午夜69成人做爰视频 | 国产一区二区视频免费 | 欧美日韩精品一二三区 | 国产一区二区三区在线观看视频 | 中文字幕视频在线播放 | 国产精品午夜影院 | 日韩一级网站 | 成人免费在线视频观看 | 欧美五月婷婷 | 国产999精品久久久久久 | 欧洲黄视频 | 狠狠干狠狠撸 | 国产免费资源 | 国产成人久久精品77777综合 | www日韩| 色av导航| 一级欧美一级日韩片 | 国产一区日韩 | 青草草在线| 操中国老女人 | 99精品在线免费观看 |