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

Yuan hits new high ahead of Xi's US visit

Updated: 2012-02-11 07:36

By Lan Lan (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Experts say rise shows market has confidence in Chinese economy

BEIJING - The yuan rose to an 18-year-high on Friday, climbing as Vice-President Xi Jinping prepares to step onto a plane for his trip to the United States next week.

The People's Bank of China set the yuan's central parity rate against the US dollar at 6.2937 after the rate rose for two consecutive trading days, according to the China Foreign Exchange Trading System.

"The exchange rate will see more fluctuations, although the positive outlook for the Chinese economy has sparked expectations of a strengthening of the currency," said Zhuang Jian, senior economist with the Asian Development Bank.

Zhuang predicted the yuan may rise about 3 percent this year. However, that is slower than the 6 percent against the dollar in real terms last year.

Deputy Foreign Minister Cui Tiankai said on Thursday that Xi's visit is an important opportunity to enhance mutual trust between China and the US.

Cui also expected the visit would help remove hurdles from Sino-US trade, including restrictions on US exports of certain high-tech products and obstacles to Chinese investment in the US.

Xi is scheduled to visit the US next week, where he will meet President Barack Obama and other high-level leaders.

"The rise largely reflects market supply and demand," said Zhang Jianping, senior economist with the Institute for International Economics Research under the National Development and Reform Commission.

He said the market expects the Chinese currency to rise because the economy remains positive and the government has adopted a rather tight monetary policy.

Il Houng Lee, senior resident representative at the Beijing office of the International Monetary Fund, said the currency will go forward over the medium term but in the short term it will see more ups and downs.

A report released by the IMF's Beijing office on Monday said upward pressures on the currency have diminished recently.

However, as the current account still has a sizable surplus of US dollars, and foreign direct investment remains strong, China is supposed to resume the strong pace of accumulation of foreign-exchange reserves, according to the report.

The country's foreign-exchange reserves increased by $11.7 billion between October and December, regardless of changes in the exchange rate and asset prices, the State Administration of Foreign Exchange said on Friday.

China's capital and financial account suffered a deficit of $47.4 billion in the fourth quarter of 2011, from a surplus of $66.2 billion in the third, indicating net capital outflows. Analysts said the exchange-rate fluctuations are closely connected with the crisis-affected economic scenario overseas and with speculative activities.

主站蜘蛛池模板: 激情做a全过程片A | 欧美理论影院在线观看免费 | 欧洲精品久久久 | 久久香蕉国产线看观看网站 | 在线成人免费 | 日韩精品一区二区三区 | 成人国产精品色哟哟 | 亚洲97| 国产中文字幕一区 | 李飞| 午夜剧场操一操 | 国产精品三级国语在线看 | 成人国产精品视频 | 国产福利视频一区二区 | 欧美高清在线视频一区二区 | 亚洲精品日韩在线 | 久草福利资源网站免费 | 久操视频网 | 亚洲色图日韩 | 精品日韩| 国产精品视频99 | 成人在线小视频 | 成人视品 | 免费黄网站在线看 | 久久久久91 | 国产a视频| 亚洲欧美日韩在线中文一 | 欧美三级成版人版在线观看 | 蜜臀国产| 酒色婷婷 | 操操片 | 啪啪免费视频网站 | 国产一级一级一级成人毛片 | 精品一区二区三区视频 | 成人自拍视频网 | 日韩精品网站 | 久久狠狠色狠狠色综合 | 日本不卡一区二区 | 免费精品美女久久久久久久久久 | 一区二区三区视频在线 | 欧美爱爱一区二区 |