男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

Yuan depreciation not long-term: expert

(Xinhua) Updated: 2014-05-08 11:23

BEIJING - A Chinese economist has predicted that the depreciation of the yuan would not last long, the China Securities Journal reported Wednesday.

During an interview by the Journal, Yu Yongding, of the Chinese Academy of Social Sciences, said yuan depreciation would be temporary because of the huge current and capital account surplus of around $125 billion.

Foreign exchange reserves rose 769 billion yuan ($125 billion) in the first quarter of 2014, while the exchange rate of yuan to US dollar decreased by about 3 percent.

However, Yu believes that?yuan depreciation has helped China reduce losses from arbitrage and speculation that ran wild during 2013 after increased yuan internationalization.

The depreciation increased the risks and costs of arbitrage and overseas speculation, eased hot money inflow and preserved financial stability, Yu explained.

Slowing economic growth since last year has helped capital outflow, which also contribute to yuan depreciation, said Yu, who believes the central bank should not abandon intervention, even if the exchange rate market is fully liberalized.

"The most crucial issue is to change away from the former growth method, rather than just avoiding economic decline," Yu said.

Internationalization of RMB should respect market’s roles

RMB internationalization could transform global markets

Trading risks rise as RMB falls

Yuan depreciation not long-term: expert

Yuan depreciation not long-term: expert

Addiction for stronger RMB spells trouble

Yuan exchange rate's floating range widened 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 东光县| 宣化县| 侯马市| 加查县| 那曲县| 克拉玛依市| 龙井市| 牟定县| 临泽县| 江油市| 佳木斯市| 屯昌县| 赤水市| 鲁山县| 鞍山市| 荃湾区| 德昌县| 贵南县| 惠东县| 鄂尔多斯市| 武城县| 衡东县| 辽阳市| 元朗区| 江川县| 望江县| 五峰| 汉源县| 开鲁县| 平山县| 咸宁市| 临漳县| 临海市| 共和县| 松桃| 宣城市| 蓬安县| 五家渠市| 玉山县| 绥宁县| 芦溪县|