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

RMB depreciation in recent weeks no reason for concern

(Xinhua) Updated: 2016-10-20 16:04

RMB depreciation in recent weeks no reason for concern

A clerk counts yuan bank notes and US dollar bills at a bank of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province, Nov 28, 2012. [Photo/IC]

BEIJING - The seemingly abrupt fall in the value of the Chinese currency against the US dollar in recent weeks is mostly due to a strengthening dollar and such pressure will remain in the short term.

However, there is no ground for concern that the Chinese yuan would embark on a one-way street of devaluation, given that the fundamentals of the Chinese economy are sound and the internationalization of the yuan has steadily moved forward.

In anticipation of the rate hike by the Federal Reserve in December, the US dollar index recently surged to its highest level since March.

Against such a backdrop, all the other major currencies haved headed lower, including the Chinese yuan.

But it is noteworthy that while the yuan exchange rate against the dollar has reached the lowest in six years, it is gaining value against other currencies.

According to a Bloomberg report dated Oct 17, the yuan slumped 0.8 percent against the greenback last week but rose 0.6 percent against a trade-weighted currency basket during the same period, registering its biggest advance in three months.

The Chinese currency has in the past experienced a long period of stable exchange rates and China's reform to make its exchange rate mechanism more market-oriented will probably see higher volatility for the yuan.

That said, recent depreciation of the?yuan against the dollar has only minimal impact on the domestic market and due to the strong macro-regulating capacity of the Chinese central bank, it is unlikely that the yuan will be mired in a messy devaluation.

Analysts believe that although the yuan will still be in a weaker position against the dollar in coming weeks, the room for continuing yuan depreciation is quite limited.

China has maintained a substantial surplus in its current account and it also has a huge foreign reserve. Meanwhile, its financial system is well-anchored compared to many other leading economies. Such factors decide that a long-term devaluation of the yuan is an unlikely scenario.

Moreover, the yuan's internationalization and China's ongoing endeavor to further open its financial markets will only bolster the currency.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产v视频 | 国产精品18久久久 | 91网站在线看 | 天堂中文字幕在线 | 日韩精品极品视频在线观看免费 | 日韩动漫av | 狠狠干五月天 | 人人艹视频 | 久久色资源网 | av激情网 | 亚洲一区二区中文 | 国产一区二区久久 | 99爱精品 | 五月激情丁香 | av2014天堂 | 欧美日韩一级在线观看 | 手机看片日韩国产 | 欧美成人黑人xx视频免费观看 | 免费av看 | 国产麻豆精品在线 | 欧美中文字幕在线视频 | 国产操女人 | 亚洲二三区 | 欧洲猛交xxxx乱大交3 | 日韩一区二区久久 | 99福利视频| 成人欧美视频 | 中文字幕免费av | 国产激情在线 | 亚洲看片网站 | 黄大色黄女片18免费 | 亚洲欧洲日韩av | 五月香婷婷 | 国产日本一区二区 | 在线观看污视频 | 国产aaa视频 | 国产丰满美女做爰 | 韩国毛片网站 | 久久激情片 | 国产亚洲一区二区三区在线观看 | 国产一区二区不卡 |