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

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: 91九色视频观看 | 亚洲性色视频 | 亚洲精品久久久蜜桃 | 伊人久久国产精品 | 国产一级做a爰片在线 | 三级大片在线观看 | 久久久视频在线 | 国产在线观看免费 | 日韩av一区二区三区在线 | 久久免费播放视频 | 青青在线香蕉精品视频免费看 | 色视频在线免费观看 | 久久99国产精一区二区三区 | 中文字幕日韩欧美一区二区三区 | 久久综合九色综合网站 | 亚洲综合区 | 天天插一插| 欧美吹潮| 欧洲色吧 | 国产午夜精品一区二区三区嫩草 | 国产精品欧美精品 | 成年网站在线看 | 一本一道久久综合狠狠老 | 热灸灸这里只有精品 | 黄色激情毛片 | 国产精品久久久久久久久久免费 | 中文字幕人成乱码在线观看 | 日韩电影免费在线观看中文字幕 | 大伊香蕉精品视频在线天堂 | 欧美啪啪网址 | 成人免费观看视频 | 亚洲精品福利你懂 | 91短视频版在线观看免费大全 | 国产一区二区视频在线播放 | 色偷偷精品视频在线播放放 | 精品视频在线免费播放 | 日韩一区二区在线视频 | 色屁屁www影院免费观看视频 | 亚洲欧美在线观看视频 | 中国一级大黄大黄大色毛片 | 山岸逢花在线观看无删减 |