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

A central bank official said Friday that the floating band of renminbi (RMB) exchange rate to foreign currencies is not to be widened, the Shanghai Securities News reported on Saturday.

Related readings:  China adds six yuan market makers to interbank market  RMB breaks 7.83 mark against U.S. dollar  RMB appreciates by 3.53 percent since reform  PBOC advisor: Interest rate hikes possible

Tang Xu, director of the research institute under the People's Bank of China, the central bank, said at a seminar that the floating range of RMB exchange rate should be defined in line with "real demand", instead of a forcing and rigid regulation.

Tang was quoted as saying that there is no problem with the existing floating range of the exchange rate and there is no need to discuss it.

Tang said changing the current unbalanced foreign trade conditions does not mean to seek a complete balance between export and import. Instead, efforts should be made to strike a balance between foreign trade and the actual conditions of economic growth.

The RMB value has risen in value by nearly four percent since July 21, 2005, when the Chinese government launched the reform of exchange rate system to allow the yuan to float against the US dollar within a daily 0.3 percent band around the official central parity rate.

The exchange rate was set at about 8.28 yuan per US dollar before the reform. 

(For more biz stories, please visit Industry Updates)