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

China, Australia mull on currency conversion

Updated: 2012-07-12 14:13
( Agencies)

HONG KONG -- Australia and Hong Kong officials will discuss the potential for direct conversion of the Australian dollar and Chinese yuan, particularly in the area of commodity exports, Australian Treasurer Wayne Swan said on Wednesday.

The high-level talks, which will start in Sydney next year, will also support the development of new yuan-denominated financing and investment products, said Swan, who was speaking at a Hong Kong forum before travelling to Beijing.

"The dialogue will bring together senior banking and other business leaders from Australia and Hong Kong to maximize the significant opportunities flowing from the wider use of RMB in trade and investment in our region," Swan said.

"RMB internationalization is an important step in China's economic and financial reform agenda that has spanned more than three decades and is key to greater exchange rate flexibility."

China is Australia's biggest trading partner and Australia has been keen to become the third country allowed to directly convert capital amounts to yuan, after the United States and Japan. But other countries, including Britain and Singapore, are also vying for easier access to yuan trade.

Direct conversion of Australian dollars and yuan would reduce costs related to trade between the two countries.

China is Australia's top export destination, with bilateral trade worth A$113.7 billion ($116.86 billion) in 2011, accounting for A$71.5 billion, or 27.3 percent, of the country's exports.

Australia's resource exports, particularly iron ore, are fuelling China's growth, and its miners are betting heavily on continued demand from China's massive urbanization, with A$137 billion in engineering work in the pipeline, or almost 10 percent of Australia's A$1.4 trillion of gross domestic product.

To secure adequate capital between the trade partners, Australia's central bank signed a A$30 billion bilateral currency swap agreement in March with China's central bank.

RMB trade settlement has been growing quickly over the past several years. Yuan-based settlement jumped four-fold to reach 2.08 trillion yuan ($330 billion) at the end of 2011 from the previous year, China's central bank said, or about 9 percent of China's total imports and exports for 2011.

The yuan is still tightly controlled by Beijing, but Chinese leaders say they are prepared to gradually relax their grip as they free China's capital account, grow its financial markets, and oversee a yuan that they aim to be basically convertible by 2015.

 
 
...
...
...
主站蜘蛛池模板: 狠狠搞狠狠干 | 黄色a级片在线观看 | 激情第四色 | 日韩三级av在线 | av每日更新 | 亚洲精品中文字幕在线观看 | 免费一级淫片 | 欧美精品一区二区三区四区 | 中文字幕+乱码+中文 | 久久色在线观看 | 成人一级黄色 | 成人视屏在线观看 | 香蕉视频网站在线观看 | 久久av一区 | 日本丰满少妇黄大片在线观看 | 国产jizz18女人高潮 | 亚洲成人少妇 | 久久成人久久 | 精品热 | 亚洲成人免费看 | 琪琪色av | 九九视频网 | 久草一区| 热久久网站 | www.涩涩爱| 伊人av在线播放 | 欧美午夜一区二区 | 久久国产高清视频 | 久久视频99 | xxx日本在线观看 | 99久久久久成人国产免费 | 欧美一级在线 | 老司机黄色片 | 五月婷婷导航 | 一区二区三区视频免费 | www色婷婷 | 亚洲午夜网站 | 宅男视频污| 日韩成人精品视频 | 国产一区自拍视频 | 草久久免费视频 |