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 / Macro

US Treasury rules out China as a currency manipulator

(Xinhua) Updated: 2016-10-15 17:02

WASHINGTON - US Treasury Department on Friday declared that no major trading partner of the US, including China, met the standard of manipulating its currency, while it retained six economies on a monitoring list created to indicate "unfair" currency practices.

In its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, the department said none of its major trading partners has manipulated their currencies over the past six months to keep them undervalued.

However, it still puts Chinese mainland, Japan, South Korea, China's Taiwan, Germany, and Switzerland on its Monitoring List, saying their foreign exchange policies bear close monitoring.

The Treasury Department created the list in April this year based on an analysis of three criteria, including a significant bilateral trade surplus with the US, a material current account surplus and engaging in persistent one-sided intervention in the foreign exchange market.

In the report, the department said that China met one of the criteria, a significant bilateral trade surplus with the US, instead of two as indicated in April's report.

The latest report explained that China's current account surplus fell to 2 percent of GDP in the first half of this year, moving below the established threshold for the criterion that current account surpluses in excess of 3 percent of GDP can be regarded as "material."

The other five economies met two of the three criteria each.

China's central bank has improved its communication on its exchange rate policy with the market since early this year and has taken measures to deal with the depreciation of its currency the renminbi, said the report.

It noted that core factors that have been supportive of the?yuan remain in place, including high savings, a sizeable current account surplus, and GDP growth above the global average.

China's central bank governor Zhou Xiaochuan recently said in Washington that China will continue to enhance exchange rate flexibility while maintaining a relatively stable exchange rate. He added that China will firmly continue market-oriented reforms of its exchange rate mechanism.

C. Fred Bergsten, senior fellow at the Peterson Institute for International Economics, recently said at a forum that China does not manipulate its currency.

He noted that the Chinese economy is still growing at a relatively rapid pace, poses a high savings ratio and has significant amount of foreign reserves. All of these could support a relatively strong yuan, he added.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 株洲县| 富顺县| 霍林郭勒市| 永清县| 佛坪县| 晋州市| 涟水县| 民乐县| 扎赉特旗| 健康| 霸州市| 兴安盟| 万荣县| 锡林郭勒盟| 山东| 宝兴县| 南华县| 达州市| 福建省| 芦溪县| 滁州市| 庐江县| 彭阳县| 西乡县| 青州市| 安远县| 太湖县| 青冈县| 曲阳县| 浦江县| 定襄县| 西充县| 高唐县| 孙吴县| 五峰| 江孜县| 南漳县| 桐城市| 洛南县| 灌阳县| 临海市|