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 / Finance

Stability for yuan seen in long run

By WANG YANFEI (China Daily) Updated: 2016-10-20 07:57

Stability for yuan seen in long run

A photo of Chinese 100 yuan banknotes [Photo/VCG]

A strong dollar and external uncertainties are creating pressure for short-term depreciation of the yuan, but economic fundamentals will help stabilize the exchange rate in the long run, the spokesman for the National Bureau of Statistics said on Wednesday.

The onshore exchange rate rose for the first time in nine days after data on Wednesday showed that the nation's economic growth expanded by 6.7 percent year-on-year in the first three quarters of the year, easing some concerns of continued deprecation.

"Recent depreciation of the yuan was mainly driven by external factors, where rising expectations of interest rate hikes in the United States and uncertainties brought by the slowly recovering global economy played major roles," said Sheng Laiyun, spokesman for the NBS, "but the currency does not face medium- to long-term depreciation pressure."

"A steadily recovering economy would be the strongest support for a relatively stable exchange rate," he said, adding that a trade surplus would also fend off the risks of a further substantial depreciation.

Xu Gao, chief economist of China Everbright Securities Co, said the market has become accustomed to two-way volatility.

"Although the yuan has room for depreciation in the short run, it will not enter a depreciating path because recovery of the economy in the United States remains weak," Xu said.

Xu made the remarks after the yuan fell sharply versus the dollar in the past two weeks, following the yuan's inclusion in the Special Drawing Rights basket of the International Monetary Fund at the beginning of the month.

Market watchers expected a sharp depreciation soon after the SDR inclusion, considering that policymakers need to further liberalize the exchange rate controls.

Sheng said the SDR inclusion can help stabilize the exchange rate, since it will prop up the demand for the yuan in the international market.

"Central banks will raise the demand for the yuan after it becomes a reserve currency," said Sheng.

Bu Yongxiang, deputy director of the research institute of the People's Bank of China, the central bank, said the short-term impact brought by the SDR inclusion on exchange rate fluctuation will be minimal.

"The message is that it marks a new start for China in deepening reform in the financial sector and boosting capital-account convertibility, and further strengthens our exchange rate policy and makes it more market-oriented, flexible and transparent," he said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 色综合久久久久久久 | 男人天堂网在线 | 日韩在线免费观看av | 国产亚洲三级 | jizz在线播放 | 国产免费网址 | 黄色在线免费 | 久久国产区 | 日本中文字幕在线观看视频 | 国产一区二区三区在线观看视频 | 91精品99 | 色99在线 | 男人天堂a| 国产精品免费一区二区三区都可以 | 亚洲高清免费视频 | 99自拍| 欧美综合久久 | 日韩久久视频 | 六月婷婷激情网 | 噜噜噜在线视频 | 亚洲国产精品欧美久久 | 免费av中文字幕 | 精品免费在线观看 | 国产又大又粗又爽 | 午夜久久视频 | 久久97视频| 日韩特黄一级 | 日本高清精品 | 伊人久久视频 | 黄色a一级片 | 久久久高清 | 国产精品九九九九 | 久久成人久久爱 | 天天爱天天干天天操 | 性欧美极品另类 | 日本亚洲最大的色成网站www | 午夜视频在线免费观看 | 日韩一区二区三区在线观看 | 国产精品羞羞答答 | 精品欧美黑人一区二区三区 | 欧美色噜噜 |