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

   

Governor fuels speculation over widening RMB exchange

(Xinhua)
Updated: 2007-03-06 13:52

China could widen the floating band of the RMB exchange rate in 2007, Tuesday's China Securities Journal reports.

"This year (China) will not rule out the possibility of expanding the floating band of the RMB exchange rate when necessary," Zhou Xiaochuan, governor of the People's Bank of China, told the newspaper before attending the opening session of the National People's Congress on Monday.

Early last year, Zhou issued a statement saying China would not expand the range in 2006. Monday's words appeared to demonstrate a potential change of policy for this year although he also said, "The floating range is wide enough for current use."

The RMB value has risen more than six percent since July 21, 2005, when the Chinese government launched the reform of the exchange rate system to allow the yuan to float against the U.S. dollar within a daily band of 0.3 percent around the official central parity rate.

"Faced with the ever-changing international and domestic markets, we will further the progress of forex rate reform, making a more flexible RMB exchange rate system," he said.

But Zhou would not be drawn on detailing a time frame for any possible adjustment, saying the timing depended on the supply-demand situation and the state of the global economy.

The RMB exchange rate could appreciate by five percent in 2007, according to a Xinhua Economic Analysis Report, a regular product by a team of more than 80 economic analysts working with Xinhua Economic Information Department, released at the beginning of this year.

The central parity of RMB against the U.S. dollar was 7.7453 yuan per U.S. dollar on March 6, compared with a rate of 8.28 yuan before the reform.




Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
临潭县| 陈巴尔虎旗| 华宁县| 大石桥市| 闵行区| 仪征市| 闻喜县| 富蕴县| 灵川县| 上高县| 库尔勒市| 修文县| 栖霞市| 吕梁市| 钟山县| 凌源市| 定结县| 灌云县| 海原县| 桂阳县| 涞源县| 孟津县| 马公市| 临沭县| 柞水县| 玉环县| 罗江县| 双江| 礼泉县| 鄂伦春自治旗| 鄂温| 巩义市| 太白县| 辽源市| 宜黄县| 大关县| 贡山| 丹东市| 龙南县| 谷城县| 剑川县|