日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Make me your Homepage
left corner left corner
China Daily Website

Two-way fluctuation essential for RMB exchange rate reform

Updated: 2013-07-17 15:43
( Xinhua)

WASHINGTON - Two-way fluctuation of the Chinese currency renminbi exchange rate is essential for China's exchange rate reform, an expert from a US think tank said.

Two-way fluctuation

"I think an important part of the reform is recognizing that flexible exchange rate policy for China, which is good for China and good for the world, means that the exchange rate needs to move up and down," Yukon Huang, a senior associate with the Asia Program of the Carnegie Endowment for International Peace, told Xinhua.

"It cannot be consistently always appreciating because an exchange rate which is only moving in one direction encourages speculation and that's not actually very good," he said in a recent interview on China's exchange rate reform initiated in 2005.

As the Chinese economy is slowing down and its trade surplus shrank to about 2 percent of gross domestic product (GDP), Huang believed that it is really important now for the country to boost the flexibility of renminbi exchange rate.

"If there's a period where the exchange rate of renminbi actually depreciates for a couple of months, that's fine," he said.

The renminbi has nominally appreciated against the strong US dollar by about 2 percent since the beginning of this year, while many emerging market currencies depreciated sharply in the same period.

"So successful reform of the exchange rate regime is when you realize that the exchange rate can move both ways and speculators of markets can no longer predict the direction of change," Huang argued.

"I think that's slowly happening and I think it is very good for China," he added.

Yi Gang, deputy governor of the People's Bank of China, also told a press briefing last week that there had been two-way fluctuation expectations of renminbi exchange rate in the recent spot and forward exchange rate markets, which indicated that the Chinese currency had become more market-oriented.

As a very important feature of the exchange rate reform, the supply-and-demand relation in the market will play a more important role in deciding the exchange rate of renminbi, Yi noted.

Investing overseas

Huang said it is unrealistic for China in the next two years to accomplish capital account convertibility, which requires strong financial institutions, deep capital markets, especially a well-developed domestic bond market, and investors' financial education.

However, he said China should continue to remove restrictions of capital flows and encourage Chinese companies and households to invest overseas, dismissing concerns on massive capital outflows.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 欧美视频第二页 | 国产精品视频一区二区三区不卡 | 91 视频网站 | 久久秋霞理论电影 | 四虎黄色网址 | 欧美剧场成人精品午夜 | 久久久99精品久久久 | 麻豆国产精品va在线观看不卡 | 丝袜捆绑调教视频免费区 | 自拍视频在线观看 | 成人日韩 | 精品国产一级毛片大全 | 亚洲AV国产成人精品区三上 | 亚洲性人人天天夜夜摸 | 天天操2018 | 人人澡人人澡 | 狠狠色狠色综合曰曰 | 久草视频观看 | 午夜直播在线 | 色婷婷久久| 久久久国产精品福利免费 | 大香伊人久久精品一区二区 | 四虎免费久久影院 | 在线观看免费国产视频 | 日本激情视频一区二区三区 | 久久亚洲欧美成人精品 | 国产精品久久国产精品 | 欧美日韩三级 | 久久精品国产一区二区三区不卡 | 亚洲国产成人九九综合 | 欧美视频网站免费看 | 一级做a | 日韩福利视频在线 | 欧美精品一区二区三区免费播放 | 播放一级毛片 | 91短视频社区在线观看 | 精品视频在线免费播放 | 日本高清视频www夜色资源网 | 性 毛片 | 国产一区二区三区在线看片 | 99av.com|