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 / Economy

Spillover effects of Chinese market fluctuation 'exaggerated': IMF deputy chief

(Xinhua) Updated: 2016-01-23 14:35

DAVOS - The volatility of the global financial markets has become a "new normal," while the spillover effects of Chinese market fluctuations have been exaggerated, a deputy chief of the International Monetary Fund (IMF) said Friday.

IMF Deputy Managing Director Zhu Min made the remarks in an interview with Xinhua on the sidelines of the 46th World Economic Forum annual meeting in Davos, Switzerland.

New normal

Repeated, short-term and frequent fluctuations are becoming the new normal of the global financial market, Zhu said,

He said the main reason of the volatility since the beginning of the year is that global economic growth has not reached the required level for interest rates to rise.

Stressing that the Chinese market is a part of the buffeting global financial market, Zhu said the spillover effects of the Chinese market fluctuation and potential ensuing risks have been exaggerated.

More and more people realized that China's economic transformation was not fully understood, Zhu said.

Zhu suggested that the Chinese government increase transparency and launch publicity campaigns to let the world know about the changes underway in the country's economy.

Besides, the outside world needs to better understand the problems China has encountered in the process of its economic transformation. That would allow the impact the Chinese economy can exert on global financial markets to be reduced, he said.

renminbi exchange rate

Zhu said it was an unconditional decision that the Chinese currency renminbi, or the yuan, was added to the IMF Special Drawing Rights (SDR) basket, adding that there are no conditions attached to the renminbi exchange rate, renminbi convertibility and so on.

He said the market is only focusing on the decrease in renminbi exchange rate against the US dollar, without understanding its connotation -- the yuan-dollar rate is not fixed any more because the yuan is being managed under a floating mechanism and fluctuates according to the market.

To reduce the market's fixation on the yuan-dollar rate and better reflect the market, the China Foreign Exchange Trade System began to release a yuan exchange rate composite index in December that measures the currency's strength relative to a basket of 13 currencies, including the US dollar, the euro, and the Japanese yen.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人福利在线观看 | 成人三级在线 | 欧美香蕉视频 | 95看片淫黄大片一级 | 日韩精品一线二线三线 | 亚洲欧美一区二区三区四区 | 97福利网| 国产精品二区视频 | 日韩欧美日本 | 精品成人免费一区二区在线播放 | 狠狠干中文字幕 | 中文字幕偷拍 | 黄色成人在线视频 | 都市激情亚洲色图 | 美女黄色大片 | 国产第6页 | 五月导航 | 黄a在线观看 | 色欧美片视频在线观看 | 中午字幕在线观看 | 天天综合网久久综合网 | 亚洲一区久久久 | 成人网久久 | 免费久久久久 | 成人在线免费看视频 | 国产色图视频 | 久久手机免费视频 | 亚洲乱码精品 | 五月天综合视频 | 天天操综合| 久久99热精品 | 我我色综合 | 国产1区在线观看 | 欧美一级视频免费 | 久久久免费高清视频 | 国产女18毛片多18精品 | 久久国产一区二区 | 亚洲播放| 草久久免费视频 | 白嫩白嫩国产精品 | 国产在线观看一区二区三区 |