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

  Home>News Center>China
       
 

Interest rate gap helps manage currency
(Bloomberg/chinadaily.com.cn)
Updated: 2006-02-12 14:26

China's high domestic savings ratio compared with that of the U.S. is an example of a fundamental factor that cannot be addressed by changing the yuan’s exchange rate, Yi said.

Adjusting the yuan exchange rate would have only a limited effect in reducing the high savings ratio by spurring domestic demand and encouraging imports, he said.

Lawmakers and manufacturers in the U.S. and Europe say an undervalued currency gives Chinese exporters an unfair advantage by making their goods cheaper abroad. China's trade surplus widened to a record $102 billion last year, helping drive a 9.9 percent expansion in the world's fastest-growing major economy. The U.S. trade deficit with China ballooned 25 percent to $201.6 billion last year, a U.S. Commerce Department report said on Friday.

Exports account for about 40 percent of China's $2.3 trillion economy, which last year overtook France and the U.K. to become the world’s 4th-largest.

The yuan failed to jump last month when the central bank reduced its influence by allowing 13 banks including Citigroup and HSBC Holdings to start acting as market makers in the currency.

China on July 21 reset the yuan's value at 8.11 to the dollar, a 2.1 percent appreciation from the pegged level where it had been held since 1995, and started managing its value against a basket of currencies including the euro and yen.

China’s economy may expand 9.8 percent this year as investment in factories, roads and construction increases 27 percent, Peking University's Song said. China's 2006 trade surplus may be little changed at last year’s $101 billion, he said.


Page: 12



Lantern Festival
Chinese celebrates Lantern Festival
President celebrates festival with intellectuals
  Today's Top News     Top China News
 

Dependence on oil needs to be cut, says panel

 

   
 

China issues first guidelines on HIV

 

   
 

US VP accidentally shoots fellow hunter

 

   
 

Interest rate gap helps manage currency

 

   
 

Sharon in critical but stable condition

 

   
 

Love and noses: Here's looking at the new you

 

   
  Wolves to be reintroduced to control blue sheep
   
  Foreign firms hasten R&D establishment in mainland
   
  NGOs discuss environment plans at forum
   
  Illegal immigrant in US loses twin foetuses
   
  Retail sales to hit 10 trillion yuan by 2010
   
  Blast kills 15 miners in Central China
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Yuan closes at new high vs. dollar
   
Researcher: China unlikely to sell dollars
   
China must beware dollar fall - bank adviser
   
Yuan gains; revaluation pressure to ease
   
China restates yuan to rise gradually
   
Currency decisions 'sovereign' - Snow
   
Stronger RMB level in line with forex rules
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 闵行区| 田东县| 博白县| 怀集县| 法库县| 灌云县| 宜城市| 霍城县| 即墨市| 尼玛县| 依兰县| 兴山县| 南靖县| 会东县| 独山县| 波密县| 德安县| 临邑县| 东山县| 兴和县| 肥乡县| 海原县| 得荣县| 慈利县| 无锡市| 博湖县| 丽水市| 卓尼县| 北海市| 丹巴县| 定襄县| 吉木萨尔县| 平果县| 泾川县| 盱眙县| 封开县| 岳池县| 沛县| 武宁县| 新野县| 民丰县|