<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Opinion

          Yuan for the road

          (China Daily)
          Updated: 2011-01-15 10:48
          Large Medium Small

          The dazzling steps China has taken recently to expedite wider and better use of the yuan in cross-border trade and investment mark the country's latest efforts to make its currency truly international.

          This accelerated pace to internationalize the yuan was long overdue. But given the complexity and problems with the global financial and currency systems, Chinese policymakers need not go too fast on narrowing the gap between China's huge contribution as the world's second largest economy and the inadequate role its currency plays in the world economy.

          On Thursday, China announced that qualified domestic businesses and banks could settle their overseas direct investment in yuan.

          The move that could expand the yuan's global reach came just one day after Bank of China began offering yuan-denominated accounts in the United States and two days after residents of Wenzhou, Zhejiang province, were allowed to invest abroad as individuals.

          After moving at a glacial pace for years, the internationalization of the yuan has suddenly gained faster-than-expected momentum.

          Related readings:
          Yuan for the road China expands int'l yuan trade settlement trial firms
          Yuan for the road 67,359 firms now qualify for yuan settlement
          Yuan for the road PBOC urges lenders to vet yuan trade settlements
          Yuan for the road Yuan has appreciated 50% in real terms since 2005

          The surge of the yuan on Thursday to its highest level against the US dollar since China scrapped the fixed exchange rate in July 2005 might have created the impression that the government is taking stopgap measures to preempt foreign criticism against its currency policy. But the truth is that China's growing need to better manage its ballooning foreign exchange reserves and, more importantly, curb rising inflation demands significant changes in its foreign exchange regime.

          On the one hand, with the foreign exchange reserves crossing $2.85 trillion at the end of 2010, concerns have understandably been heightened over their safety and returns, as well as their impact on inflation. Since China's central bank has to issue an equal amount in yuan to offset the massive inflow of foreign currency, accumulation of larger foreign exchange reserves will only make it harder for the government to control inflation.

          On the other hand, the increasing urge of Chinese individuals and companies to invest overseas has made the country's strict capital controls increasingly obsolete. China badly needs a more globalized currency to enable its investors to better distribute their businesses across the globe.

          The gradual rise of the yuan as a new global currency will facilitate China's rise as a major trade, investment and financial power. It is important to keep the pace of the yuan's internationalization in line with the country's actual need for sustainable growth.

          So, had the yuan been substantially undervalued as some of China's trading partners insisted? The answer is obvious. But no one should expect the rise of a new global currency to be that easy and simple.

           

          主站蜘蛛池模板: 国产福利微视频一区二区| 国产无码高清视频不卡| 久久久久久一区国产精品| 综合国产综合亚洲综合| 国产白丝网站精品污在线入口| 国产毛片三区二区一区| 亚洲AV无码一区二区一二区色戒| 日韩亚洲精品中文字幕| 97久久超碰亚洲视觉盛宴| 国产婷婷综合在线视频中文| 麻豆人妻| 午夜av高清在线观看| 亚洲国产精品久久无人区| 国色天香成人一区二区| 国产成人精品亚洲高清在线| 国产精品一线天在线播放| 一区二区中文字幕av| 亚洲av无码精品色午夜蛋壳| 国产精品毛片在线完整版| 天美传媒mv免费观看完整| 国产99视频精品免费视频76| 在线a人片免费观看| 男男欧美一区二区| 久久亚洲精品人成综合网| 亚洲中文字幕在线精品一区| 国产91午夜福利精品| 人妻日韩人妻中文字幕| 亚洲最大日韩精品一区| 青青草无码免费一二三区| 亚洲ΑV久久久噜噜噜噜噜| 久久久一本精品99久久精品88 | 国产av精品一区二区三区| 成人欧美一区二区三区在线观看| 美腿丝袜亚洲综合在线视频| 极品少妇的诱惑| 亚洲老女人区一区二视频| 国产精品自拍午夜福利| 国产偷窥熟女精品视频大全| 久久亚洲精品情侣| 亚洲狠狠狠一区二区三区| 最新亚洲人成网站在线影院|