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
China
Home / China / Business

Moves on yuan point to reform

By Wang Yanfei | China Daily | Updated: 2016-11-25 08:03

The recent deprecation of the yuan reflects Beijing's move toward a free floating exchange rate system, after the central bank set the yuan reference rate on Thursday at record low level against the US dollar.

The People's Bank of China set the central parity rate of the yuan against the greenback at 6.9085, following 6.8904 the previous day, the lowest level since June 2008.

The yuan is allowed to rise or fall by 2 percent from the central parity rate in China's spot foreign exchange market.

The depreciation of the yuan is a result of a strong dollar supported by an interest rate hike next month that can be regarded as a "certain" move that is in line with market expectations, said Chen Fengying, a senior researcher with China Institutes of Contemporary International Relations.

Senior US Federal Reserve officials suggested an interest rate rise would come "relatively soon", according to minutes released on Wednesday from the Fed's meeting earlier this month.

With a strong dollar, the People's Bank of China has little incentive to intervene at a time when the central bank's reform toward a more marketized floating system would only continue after the yuan joined the reserve basket of the International Monetary Fund in October.

David Lipton, first deputy managing director of IMF, on Tuesday applauded China's efforts on up reform of the yuan's exchange rate.

Goldman Sachs forecast the yuan-dollar exchange rate would hit 7.30 by the end of 2017, as China is on its bumpy road of economic recovery.

Looking ahead, neither the US interest rate would go up a large extent nor would the yuan see sustained depreciation, according to Zhao Xueqing, an economist with the Institute of International Finance under the Bank of China.

"The Fed is expected to raise the interest rate slowly, as president-elect Donald Trump's massive infrastructural construction plan will boost government investment," said Zhao.

In the meantime, the appetite to pass sizable tax cuts along with an equally strong appetite to keep on spending could add to upward pressure on US long-term interest rates, a report led by Lewis Alexander with Nomura Group said on Wednesday.

wangyanfei@chinadaily.com.cn

Editor's picks
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: 香蕉视频链接 | 深爱综合网| a毛片基地| 日韩欧美久久久 | 五月婷色 | 欧美不卡视频在线观看 | 成人高清网站 | 在线免费看av | 成年人午夜视频 | 久久精品久久久久久久 | 午夜激情福利 | 国产传媒一区二区三区 | 亚洲国内精品 | 婷婷色影院 | 精品国产99 | 91亚洲国产成人精品一区二区三 | ww久久| 欧美日韩午夜视频 | 国产精品永久免费视频 | 一级片高清 | 国产a久久麻豆入口 | 中文字幕av高清 | 婷婷在线综合 | 国产精品一区久久久 | 国产又粗又猛又黄视频 | 亚洲激情成人 | 麻豆久久久久 | 哪有黄色网址 | 成人免费视频一区二区 | av免费观看不卡 | 黄色国产视频 | 成人免费网站视频 | 国产日韩av在线播放 | 在线97 | 国产一区二区在 | 一区二区国产精品 | 超碰观看 | 天天操天天爽天天干 | 久久精品国产一区二区三区 | 国产一二三四五区 | 四虎影视av|