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

No basis for continuing depreciation: Central bank governor

By Dai Tian (chinadaily.com.cn) Updated: 2016-02-15 14:27

No basis for continuing depreciation: Central bank governor

Zhou Xiaochuan, governor of People's Bank of China, takes questions from journalists at home and abroad during an ongoing press conference on March 12, 2015. [Photo / Xinhua]

There is no basis for continuing depreciation in the renminbi and China would not let market sentiment be dominated by speculative forces, said central bank governor responding for the first time to recent market volatility.

In an interview published over the weekend in Caixin magazine, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), also dismissed rumors it would tighten capital control.

"The renminbi's exchange rate remains stable and even appreciated against a basket of currencies, and there's no basis for continuing depreciation," said Zhou, adding that cross-border capital flow remains within normal range

The governor noted foreign exchange related fundamentals lie in two factors: for one, China still ran a large surplus in its current account in 2015, with surplus in commodity trade reaching $598.1 billion; for the other, the country's inflation figure remained low, a merely 1.4 percent year-on-year increase in the Consumer Price Index, which is beneficial to the currency stability.

Fend off speculations

Zhou said international speculators with abundant liquidity were targeting China, but the latest data will "speak for itself".

"China would not let the market sentiment be dominated by these speculative forces,” he said.

The usage of China's foreign reserve includes guarding financial stability, and its capability is unquestionable, said Zhou, adding that "the PBOC will use ammunition while minimizing costs, further reform the formation mechanism of exchange rate and address to speculative forces in a more flexible way."

Such comment came as China's foreign reserves last month fell to its lowest levels since 2012.

The country did not devalue the yuan "on purpose" to boost exports, he stressed in the interview with Caixin. "Last year's total trade surplus was close to $600 billion and net export's contribution to the GDP was not low, so there's no motive to depreciate for the sake of increasing net export."

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 长泰县| 军事| 玛曲县| 略阳县| 广汉市| 樟树市| 朝阳县| 获嘉县| 离岛区| 驻马店市| 门头沟区| 栾川县| 法库县| 沅陵县| 尼玛县| 静海县| 牡丹江市| 依安县| 于田县| 邯郸县| 宁河县| 盐山县| 睢宁县| 南城县| 淄博市| 沂水县| 抚州市| 洪洞县| 佛教| 岳普湖县| 石家庄市| 咸阳市| 皮山县| 株洲县| 衡阳市| 东海县| 开原市| 科技| 丽江市| 松滋市| 南靖县|