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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Opinion
Home / Opinion / From the Press

Strong fundamentals lift yuan

China Daily | Updated: 2017-09-08 07:50

Strong fundamentals lift yuan

An employee at a bank counter in Nantong, East China's Jiangsu province, counts renminbi and dollars. [Photo/China Daily]

The yuan's middle rate rose to 6.5370 against the US dollar on Tuesday, up 298 basis points over the previous trading day's rate and the highest since July last year. It also marked the yuan's rise for seven consecutive business days, and a cumulative increase of 1,209 basis points.

A currency generally doesn't rise or fall unilaterally, particularly not the yuan, which is in the process of marketization and internationalization. As an emerging global currency just included in the International Monetary Fund's Special Drawing Rights basket, the yuan is in the process of perfecting its middle rate formation mechanism, meaning it has to face market challenges, including those from international short-sellers.

When China's monetary authorities launched a new round of exchange rate reforms in August 2015, the yuan suffered drastic short-term fluctuations in the following months because of short selling. The market prediction at the time was that the yuan would fall below 6.7, even 6.8, against the dollar. But the authorities took comprehensive measures that stabilized the yuan's exchange rate by the end of last year. One big advantage of the yuan's continuous rise in recent months is that it has ruined short-sellers' plans to make profits from its continuous fall.

China's stable macroeconomic growth and supply-side structural reform have laid a solid foundation for sustainable economic growth. And thanks to China's still impressive economic performance, the IMF and other financial institutions expect better growth this year and the next. China's still high growth and its strong economic fundamentals, as well as the yuan's internationalization process have driven up the Chinese currency's value.

China's intensified efforts to reform its financial market and open up its capital market, its strict regulation to prevent the flight of capital, and the depegging of the yuan from the dollar are the reasons why the market expects the yuan to continue its rise.

The fluctuation of the yuan due to its marketization and internationalization is normal. Still, China has enough foreign exchange reserves to maintain the yuan's basic stability even in any eventuality.

- BEIJING YOUTH DAILY

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久yy| 每日av在线 | 亚洲一区二区观看 | 国产56页| 国产在线播放av | 人人澡人人草 | 亚洲男人天堂2018 | 偷拍女澡堂bbbbbccccc | 在线国产91 | 欧美三级在线视频 | 婷婷激情丁香 | 在线看毛片网站 | 中文字幕手机在线观看 | 中文字幕在线视频免费观看 | 最近韩国日本免费高清观看 | 成人二区三区 | 性高潮免费视频 | 国产一级理论片 | 国产精品成人va在线观看 | 国产a毛片 | 国内自拍视频在线播放 | 国产精品91在线观看 | 国产精品日| 爱情岛论坛自拍 | 亚洲最大的网站 | 午夜在线观看视频18 | 成人午夜影院在线观看 | 伊人网在线播放 | 国产午夜麻豆影院在线观看 | 国产小视频在线观看 | 成人高清视频免费观看 | 日本一二三不卡视频 | 免费视频99 | 一区二区视频免费观看 | 91成年视频 | 中文字幕在线免费看 | 色网在线| 国产小毛片 | 在线免费看h | 正在播放91 | 91精品久 |