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

chinadaily.com.cn
left corner left corner
China Daily Website

Yuan expected to fluctuate, rise more this year

Updated: 2012-01-06 07:42
By Gao Changxin ( China Daily)

SHANGHAI - The value of the yuan will fluctuate greatly this year but ultimately appreciate by 2 percent to 3 percent against the US dollar.

That's what a Fudan University professor studying exchange rates said on Thursday.

On Wednesday, the central bank set the daily reference rate for the Chinese currency at a record high of 6.3 yuan for each dollar, before adjusting it unexpectedly to 6.31 on Thursday. In actual trading, the value of the currency will fluctuate by 0.5 percent both up and down from the reference rate.

"This year, we will defiantly see the yuan entering the '6.2 era', " said Chen Xuebin, associate dean of Fudan University's Institute for Financial Studies.

Chen said the yuan will not simply rise in value but will fluctuate in comparison to the dollar more than ever before.

Wider fluctuations, he said, will help improve China's system for setting exchange rates, lower the expectations for the yuan's appreciation and stabilize the currency's real effective exchange rate.

An effective exchange rate is a weighted average of the values of various foreign currencies and is viewed as the best way to gauge the purchasing power of a country's currency in comparison with its trading partners' currencies.

"That, in turn, will benefit Chinese exports and the yuan's independence," he said.

The value of the currency became more volatile in December, touching the bottom of its daily trading range on 12 days of the 22 trading days in that month. It also posted its biggest one-day gain of 0.4 percent on Dec 16 before attaining a record high exchange rate on Dec 27.

Chen said the yuan should be pegged to a basket of currencies instead of just to the US dollar. That's because China's current account has already become "basically balanced", and the country should shift its policy toward making the yuan's effective exchange rate stable.

China now effectively pegs its currency to the dollar. But when the country began reforming its exchange-rate system in 2005, it said it would "refer to" a basket of currencies in setting the yuan's exchange rate.

"In fact, pegging to the dollar makes the yuan's effective exchange rate more volatile," Chen said. "That hurts Chinese exports.

"So now we should peg it to a basket of currencies, instead of 'refer to' a basket."

According to an index compiled by Fudan University, the yuan's effective exchange rate skyrocketed in 2009, when the United States was deep in a financial crisis, effectively raising the price of Chinese exports.

The university also ran a simulation looking at what would have happened had the yuan been pegged to a basket of currencies over the past six years. It concluded that the currency's effective exchange rate would have stayed fairly stable.

 
 
...
...
...
主站蜘蛛池模板: 久久高清免费视频 | 朝桐光x88av| 日韩免费高清视频 | 激情第一页| 69精品久久久久久 | 亚洲一区自拍偷拍 | 国产欧美高清 | 国产一级视频 | 欧美视频免费 | jizz国产精品 | 日韩欧美国产亚洲 | 特黄aaa| 成人精品综合 | 欧美 日韩 国产 在线 | 狠狠综合网 | 亚洲a在线观看 | 久久久久久久久久久久国产精品 | 亚洲第一视频在线播放 | 91av一区二区三区 | 69午夜| 国产一区二区三区免费观看 | 精品一区二区三区久久 | 日本国产在线观看 | 中字av在线 | 超碰免费观看 | 五月伊人婷婷 | 中文一区二区 | 99免费视频| www.色黄| 鲁大师在线高清在线播放免费观看 | 免费视频久久久 | 国产黄频在线观看 | 日韩欧美亚洲一区二区 | 国产成人在线网站 | 国产91在线精品 | 国产h视频在线观看 | 国产性精品 | 96在线观看 | 超碰在线成人 | 国产精品视频久久久 | 欧美一a一片一级一片 |