国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Chinese exporters adapt to the rising yuan

(Xinhua)
Updated: 2007-10-07 10:53

Another less used measure is RMB swap against foreign currencies, involving two transactions in opposite directions featuring domestic currency against foreign exchange between one company and one bank.

"It's unrealistic to have exporters fight alone against a strengthening currency as the country's financial system is still embryonic and potentially vulnerable," says Tan Yaling.

She says the government needs to extend currency elasticity and make the exchange rate formation more market-oriented by bringing in more market makers --banks and financial institutions that are obliged to quote both selling and buying prices through the interbank foreign exchange market.

"The most important thing is that all participants in the interbank foreign exchange market should learn to perform in a professional way while the government should do more research to identify the real value and the equilibrium price of the RMB," she says.

Ha Jiming, chief economist with the China International Capital Corporation predicts the value of the RMB will rise to 7.3 yuan against US$1 at the end of the year if the dollar maintains its performance.

"It will take three to five years to ease the pressure for further appreciation of the RMB yuan," he says.


(For more biz stories, please visit Industry Updates)

      1   2   3     


Related Stories  
平江县| 辽源市| 中方县| 镇赉县| 贵南县| 彭州市| 塔河县| 镇巴县| 菏泽市| 太保市| 文登市| 桃园县| 龙海市| 凤庆县| 平陆县| 望城县| 中西区| 德清县| 东兴市| 叶城县| 南京市| 雷州市| 巩留县| 宿迁市| 林州市| 楚雄市| 宣武区| 明水县| 光泽县| 奉节县| 白水县| 密云县| 滦平县| 青浦区| 洞头县| 宁津县| 潮安县| 钟山县| 沙坪坝区| 白银市| 平泉县|