三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  Home>News Center>China
       
 

China widens yuan trading band
(AFP)
Updated: 2005-09-24 08:51

China's central bank has widened the yuan's trading band in its new currency basket on the eve of the G7 meeting in a move seen as deflecting US criticism that it is footdragging on currency reform.

China's 
central bank will "gradually" lessen the degree to which it intervenes in foreign exchange markets, but is not certain the country's yuan currency is undervalued, a senior central bank official said in an interview published on Thursday. "Non-dollar denominated currencies will be allowed to fluctuate within a 3.0 percent range either side, compared with the original 1.5 percent," the People's Bank of China said in a statement on Friday.

The adjustment allows for the yuan to fluctuate against non-dollar currencies such as the euro and the yen by three percent either side of the midpoint but maintains the yuan-dollar band unchanged at 0.3 percent.

The United States described China's move to widen its currency band for non-dollar currencies as a "technical step" that needed to be monitored.

"Our view is that the Chinese have said they will continue to take steps to create greater (currency) flexibility," US Treasury spokesman Tony Fratto said.

"This is a technical step in that process. We'll continue to monitor the implementation."

The tweaking comes as the Group of Seven meets Friday in Washington, where US Treasury Secretary John Snow is scheduled to hold bilateral talks with Chinese Finance Minister Jin Renqing and central bank governor Zhou Xiaochuan.

Snow is widely expected to press China for further currency reforms.

China has suggested, but not confirmed, that the euro, yen and won are among the currencies in its basket, but the dollar is understood to be its mainstay.

The central bank said the move was aimed at heading off speculators, with a widening of the band likely to increase transaction costs for them, and to help maintain a more stable yuan exchange rate.

It also reiterated its commitment to maintaining a stable yuan at a reasonable and balanced level but pledged to move towards a more flexible exchange rate.

While the move is seen as a necessary one, giving China's new currency basket system greater flexibility, the action was unlikely to appease US concerns that the currency needs to strengthen further.
Page: 12



Names solicited for baby mandrill
British Princess Anne visits children in Hefei
Police parade to show skills in Changchun
  Today's Top News     Top China News
 

Low-altitude airspace 'open in 2010' for private flyers

 

   
 

China widens yuan trading band

 

   
 

China not to use forex on oil stockpile

 

   
 

Indonesia urged to probe fishing incident

 

   
 

Old man who touched China's heart dies at 93

 

   
 

Approaching Rita already causing havoc

 

   
  China bank gets IPO OK from HK bourse
   
  Central bank to gradually lessen forex role
   
  Indonesia urged to discipline its navy
   
  Officials found reluctant to retract stakes in coal mines
   
  Insurance agents are capital's best paid
   
  Beijing's car-free day gets mixed reception
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 日韩在线视频中文字幕 | 国产99久久九九精品免费 | 亚洲大片在线观看 | 午夜在线播放免费人成无 | 色婷亚洲 | 三级a毛片| 国产美女精品自拍 | 亚洲精品色综合久久 | 在线观看网址入口2020国产 | 日韩免费一级a毛片在线播放一级 | 国产一区在线看 | 古代级a毛片可以免费看 | 日韩在线中文 | 欧美精品国产日韩综合在线 | 午夜影院一级片 | 一级一级一级毛片 | 日韩国产欧美精品综合二区 | 真人毛片免费全部播放完整 | 欧美日韩中文字幕久久伊人 | 视频一区二区三区欧美日韩 | 在线观看国产高清免费不卡黄 | 女人牲交一级毛片 | 伊人伊成久久人综合网777 | 免费国产最新进精品视频 | a爱做片免费网站 | 亚洲视频第一页 | 亚洲狼人香蕉香蕉在线28 | 成人午夜又粗又硬有大 | 精品在线免费视频 | 中日毛片| 国产精品免费看久久久麻豆 | 91福利精品老师国产自产在线 | 中文精品久久久久国产不卡 | 一级特黄录像免费播放冫 | 国内免费一区二区三区视频 | 伊人精品视频一区二区三区 | 无毒不卡在线观看 | 轻轻碰在线视频免费视频 | 野外三级国产在线观看 | 一级毛片不卡免费看老司机 | 看特级大黄一片 |