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

US EUROPE AFRICA ASIA 中文
Business / Markets

RMB expected to stabilize after forex adjustment

(Xinhua) Updated: 2015-08-13 21:45

BEIJING - The Chinese currency renminbi (RMB), or the yuan, should remain strong in the long run, a central bank official said Thursday, after worries that the bank's adjustment of the exchange rate mechanism earlier this week would lead to a slump in the currency.

The value of the yuan has gradually returned to market levels as the discrepancy between the central parity rate and the actual trading rate has been largely corrected after declines in the past few days, Zhang Xiaohui, assistant governor of the People's Bank of China (PBOC), said during a press conference here.

There used to be a 3-percent gap accumulated between a lower official rate and higher market expectations, she said.

The PBOC adjusted the exchange rate formation mechanism Tuesday, which it said was designed to close the gap and better reflect market development.

The move triggered consecutive sharp falls in the yuan. The central parity rate weakened 704 basis points, or 1.1 percent, to 6.401 against the US dollar Thursday, narrowing from Wednesday's 1.6 percent and almost 1.9 percent Tuesday.

The weak performance exacerbated market concerns over the currency's prospects, with many wondering if a long-term decline was on the cards.

But Zhang said there are no grounds for persistent and substantial depreciation as sound economic fundamentals determine that the yuan will re-enter a rising streak.

Surplus in goods trade reached $305.2 billion in the first seven months of 2015, according to official figures. Zhang cited this as a decisive factor in the market and a fundamental prop for the currency.

China's 7-percent economic growth will create sound conditions for the yuan to hold steady, along with increasing demand for the currency from overseas companies, abundant foreign exchange reserves, stable fiscal condition and a healthy financial system, she said.

Given China's huge trade surplus, the yuan has remained strong in recent years compared with major currencies, with appreciation of around 50 percent since a milestone reform that depegged the yuan from the US dollar in 2005.

"The central bank is capable of keeping the exchange rate basically stable at an adaptive and equilibrium level," Zhang said.

Prices of yuan in both onshore and offshore markets showed signs of improvement Thursday after the press conference.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久久日本 | 亚洲日本高清 | 天天综合欧美 | 欧美亚洲一区二区三区四区 | 成人福利视频 | 免费在线中文字幕 | 91麻豆成人精品国产 | 国产成人在线网址 | 四虎影视精品 | 91精品久久久久久久久中文字幕 | 午夜激情视频在线 | 成人精品在线看 | 51xx午夜影福利 | 开心激情播播网 | 亚洲欧美午夜 | 精品资源成人 | 伊人网在线视频观看 | 97超碰人人模人人人爽人人爱 | 午夜国产小视频 | 亚洲国产成人在线观看 | 性爱在线免费视频 | 思思久久久| 麻豆一区二区三区 | 日韩视频在线免费观看 | 亚洲国产精品激情在线观看 | 视色,视色影院,视色影库,视色网 | 欧美成人久久久免费播放 | 污片在线免费观看 | 国产一区二区免费 | 天天射天天拍 | 超碰女人| 欧美激情视频一区二区 | 亚洲a在线视频 | 久久高清| 亚洲二三区 | 黄色免费大片 | 91免费国产视频 | 欧美日韩亚洲在线观看 | 亚洲免费在线视频观看 | 国产色悠悠 | 日韩一区二区三区在线观看 |