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

No basis for continuing depreciation: Central bank governor

By Dai Tian (chinadaily.com.cn) Updated: 2016-02-15 14:27

No basis for continuing depreciation: Central bank governor

Zhou Xiaochuan, governor of People's Bank of China, takes questions from journalists at home and abroad during an ongoing press conference on March 12, 2015. [Photo / Xinhua]

There is no basis for continuing depreciation in the renminbi and China would not let market sentiment be dominated by speculative forces, said central bank governor responding for the first time to recent market volatility.

In an interview published over the weekend in Caixin magazine, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), also dismissed rumors it would tighten capital control.

"The renminbi's exchange rate remains stable and even appreciated against a basket of currencies, and there's no basis for continuing depreciation," said Zhou, adding that cross-border capital flow remains within normal range

The governor noted foreign exchange related fundamentals lie in two factors: for one, China still ran a large surplus in its current account in 2015, with surplus in commodity trade reaching $598.1 billion; for the other, the country's inflation figure remained low, a merely 1.4 percent year-on-year increase in the Consumer Price Index, which is beneficial to the currency stability.

Fend off speculations

Zhou said international speculators with abundant liquidity were targeting China, but the latest data will "speak for itself".

"China would not let the market sentiment be dominated by these speculative forces,” he said.

The usage of China's foreign reserve includes guarding financial stability, and its capability is unquestionable, said Zhou, adding that "the PBOC will use ammunition while minimizing costs, further reform the formation mechanism of exchange rate and address to speculative forces in a more flexible way."

Such comment came as China's foreign reserves last month fell to its lowest levels since 2012.

The country did not devalue the yuan "on purpose" to boost exports, he stressed in the interview with Caixin. "Last year's total trade surplus was close to $600 billion and net export's contribution to the GDP was not low, so there's no motive to depreciate for the sake of increasing net export."

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本精品一区二区在线观看 | 五月婷婷在线观看 | 国产黄色片在线免费观看 | 成人一区二区在线观看 | 欧美爱爱爱 | 94av| xxxwww在线观看 | 黄色av影院| 男女草逼视频 | 一级做a爱片久久毛片 | 免费精品在线 | 成人黄色在线看 | 久久精品99国产精品日本 | 色丁香在线 | 在线观看免费福利 | 亚欧精品视频一区二区三区 | 久久亚洲天堂 | 国产又粗又爽又黄的视频 | 日日日干干干 | 超碰97在线播放 | 成人久久免费 | 青青草手机视频在线观看 | 成年免费视频黄网站在线观看 | 欧美一区免费看 | 中文字幕日日夜夜 | 亚洲性大片 | 欧美国产视频 | 精品中文字幕在线观看 | 精品国产午夜 | 性欧美少妇 | 人人爽爽人人 | 神马午夜不卡 | 国产97色 | 欧美另类综合 | 国产黄色片在线观看 | 久久一区二区三区四区 | 性一交一乱一区二区洋洋av | 成人午夜在线观看 | 性欧美一区二区 | 日韩在线视频看看 | 国产首页|