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

Business / Markets

Recent yuan's depreciation within 'normal' range

(Xinhua) Updated: 2014-04-11 10:25

WASHINGTON -- The recent depreciation in the value of Chinese currency renminbi, or the yuan, is within normal range and China is still on track toward a more market-oriented exchange rate regime, a senior Chinese central bank official said here Thursday.

"The recent movement of the renminbi, especially since February and March, I think is normal. The depreciation is only something like 2 percent," Yi Gang, deputy governor of the People's Bank of China, said at a seminar hosted by the School of Advanced International Studies in Johns Hopkins University.

"If you look at the volatility of all currencies, probably the renminbi is among the smallest," he added, noting that the volatility of renminbi is minor compared to other emerging market currencies such as Indian Rupee and Brazilian real.

He said he expected yuan's flexibility to increase in the future with two-way fluctuation instead of one way appreciation.

"If you look at China and you look at the movement of the exchange rate in February and March, we are facing the international external environment of the QE (quantitative easing) tapering by the Fed and also facing the economic slowdown, there are some signals predicting China is going to slow down. And the third item, if you look at February's trade number, we have a $23 billion trade deficit in February," said Yi.

"So if you look at what (Fed Chair) Janet Yellen's saying, and the trade figures in China, and also economic indicators," he added. "The market played a determining role in resources allocation. If you believe that, then I think you should let it go. "

Yi's comments came several days after a senior US Treasury official said Washington would watch closely whether the weakness of yuan signals a shift in China's policy away from moving toward a market-based exchange rate.

"Of course, it's perfectly normal and understandable that relevant countries and my dear colleagues, they have some concerns. I think that's perfectly normal," said Yi. "I believe that, as time passes by, people will see clearly and better that the entire exchange rate regime mechanism in China is moving toward a market- oriented way."

The deputy central bank governor said the financial sector reform is an important part in the comprehensive reform blueprint outlined in the Third Plenum of the 18th Central Committee of the Communist Party of China held in November, and China will continue to push forward with it despite difficulties.

"China will implement a deposit-insurance scheme, probably this year," he noted, citing it as "a very important

Recent yuan's depreciation within 'normal' range
Yuan eases on widened trading band

Hot Topics

Editor's Picks
...
...
竹溪县| 崇信县| 青冈县| 榆树市| 巴马| 洪江市| 宜兴市| 吐鲁番市| 且末县| 随州市| 湘西| 长岛县| 湾仔区| 崇义县| 塔城市| 莱阳市| 镇雄县| 石家庄市| 增城市| 桃园县| 海伦市| 宝丰县| 福泉市| 乐亭县| 虹口区| 清丰县| 西充县| 和政县| 霍州市| 富阳市| 寿光市| 虞城县| 陆川县| 龙里县| 临夏县| 民乐县| 景宁| 和平区| 正镶白旗| 如东县| 高淳县|