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

Global General

Currency is off limits at G20 summit

By Wang Xiaotian (China Daily)
Updated: 2010-06-19 08:36
Large Medium Small

BEIJING - Discussions about the yuan-dollar exchange rate will not be on the agenda at the Group of 20 meeting in Canada next week, Chinese officials said on Friday.

Zhang Tao, director of the international department of the People's Bank of China, the nation's central bank, said at a press conference that Chinese leaders will not engage in talks about its currency with other world leaders at the summit.

"China is monitoring the domestic and international economic situations very closely in deciding its own policies, including those regarding the yuan exchange rate mechanism," he said.

The Chinese economy still faces multiple uncertainties, Zhang told reporters.

At the same time, Vice-finance Minister Zhu Guangyao urged countries attending next week's G20 summit in Toronto to take account of each other's concerns.

Beijing is under pressure from Washington to raise the yuan rate to help the United States reduce its large trade deficit with China, and Zhu's comments followed a new bout of China-bashing at a US House of Representatives hearing on Wednesday.

Related readings:
Currency is off limits at G20 summit Obama urges G20 leaders to strengthen recovery
Currency is off limits at G20 summit Chinese president to visit Canada, attend G20 summit
Currency is off limits at G20 summit Global mandate for G20
Currency is off limits at G20 summit Canada grilled over "half-baked fake lake" at G20

Commenting on Friday's official remarks, the Wall Street Journal website reported that "China appears increasingly unlikely" to move on its currency before the G20 summit - "a prospect that threatens to restart a poisonous cycle of increasing criticism from US lawmakers and increasing defensiveness from Beijing".

One of the factors that Chinese economists have frequently cited of late is that, in May, the growth in China's industrial output was 16.5 percent year-on-year, 1.3 percentage points lower than in April.

The World Bank also announced on Friday that it has revised its forecast of China's yearly GDP growth in 2011 from the previous 8.7 percent to 8.5 percent. It said that after a strong start in 2010, China's growth will inevitably begin to slow down as a result of its policy-level stimulus and of measures to cap property market prices, which were introduced in April.

The World Bank predicted China's yearly GDP growth could be 9.5 percent in 2010, before it falls to 8.5 percent and continues to be slow in the next decade (while still keeping a respectable rate), due mainly to decelerating contributions from labor and productivity, and relatively weak capital accumulation.

Louis Kuijs, a senior economist at the World Bank, told China Daily that there is room to move on the yuan exchange rate, preferably on the flexibility side.

   Previous Page 1 2 Next Page  

方正县| 吉木乃县| 平遥县| 和龙市| 宁德市| 大同县| 左云县| 镇康县| 平远县| 固镇县| 城市| 江安县| 化州市| 辽阳县| 伊宁市| 尉氏县| 大港区| 随州市| 灯塔市| 韶关市| 育儿| 赤壁市| 普洱| 淅川县| 屏东县| 松滋市| 新和县| 顺昌县| 冕宁县| 新晃| 婺源县| 青川县| 桓仁| 嘉荫县| 古田县| 江门市| 宣威市| 隆尧县| 晋城| 南汇区| 浦江县|