<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
             

          CHINA / National

          PBOC to keep currency stable
          By Zheng Lifei (China Daily)
          Updated: 2006-08-10 06:29

          China cannot rely solely on currency appreciation to balance its external payments, the central bank said yesterday.

          "As part of a policy package, the exchange rate can play a certain role in adjusting the imbalance in international payments," the People's Bank of China said in its second-quarter monetary report released yesterday.

          "But the fundamental way to resolve the international payment imbalance should come from expanding domestic demand and lowering the savings rate."

          The central bank, while noting the increasing flexibility of the yuan in the past year, reaffirmed yesterday that it would keep its currency at a reasonable and balanced level.

          "We will further improve the foreign exchange regime in an active, controlled and gradual manner and keep the reasonable and balanced exchange rate (of the renminbi) basically stable," the central bank said in the report.

          The yuan, which had gained 0.94 per cent against the dollar in the first half of the year, has appreciated an accumulated 3.76 per cent since last July when it was revalued by 2.1 per cent.

          The central bank is also considering expanding overseas investment as a way to slow the rapid growth in foreign exchange reserves.

          "(The country) should push forward the policy shift from stockpiling foreign exchange reserves in State coffers to letting businesses and residents hold more foreign currency and encourage the shift from State-led overseas investment to private overseas investment," the central bank said in the report.

          China's foreign exchange reserves, driven by the ballooning foreign trade surplus and foreign investment inflow, had shot up to US$941.1 billion by the end of June.

          China's foreign trade surplus rose to a record monthly high of US$14.5 billion in June, a rate that is unlikely to fall in the coming months.

          The figure reportedly hit a record US$14.61 billion in July.

          The soaring foreign reserves, already the world's biggest, are a major factor behind the robust money supply and credit growth in the first half of this year, economists said.

          "The policy outlined in the report fairly reflects the reality on the ground," said Wang Cheng, a research fellow with the Institute of Economics at the Chinese Academy of Social Sciences.

          "It acknowledged the need for further reform of the foreign exchange regime but also identified the current export-led economic growth model as the root cause of the huge international payment imbalance," Wang said.

          The central bank said it will take "a mixed set of monetary tools" to control a sound credit growth in the next half of this year, acknowledging that both the money supply and credit growth were "too quick" in the first half of this year.

          The M2, a broad measure of money supply that covers cash in circulation and all deposits, had risen 18.43 per cent year-on-year to 32.28 trillion yuan (US$4.03 trillion) by the end of June.

          The central bank had set a growth target of 16 per cent for its M2.

          Outstanding local currency loans in all financial institutions stood at 21.53 trillion yuan (US$2.69 trillion) by the end of June, up 15.24 per cent year-on-year, the central bank said.

          The central bank acknowledged that slowing credit growth "will be a tough task."

          (China Daily 08/10/2006 page9)

           
           

          Related Stories
           
          主站蜘蛛池模板: 樱花草视频www日本韩国| 爆乳熟妇一区二区三区| 四虎国产精品久久免费精品| 久久精品第九区免费观看 | 精品一区二区不卡无码AV| 亚洲国产一区二区av| 国产精品一线天在线播放| 国产av成人精品播放| 国产白袜脚足j棉袜在线观看| 亚洲中文字幕久久精品码| 国产精品天天看天天狠| 黑人巨茎大战俄罗斯美女| 少妇熟女久久综合网色欲| 国产精品久久精品| 国内精品久久久久影视| 99久久亚洲综合精品成人网| 国产超碰人人爱被ios解锁| 日本亚洲欧洲无免费码在线| 亚洲av不卡电影在线网址最新| 久久精品丝袜高跟鞋| 九九在线精品国产| 中文精品无码中文字幕无码专区| 日韩精品一区二区在线看| 美女黄网站18禁免费看| 久久婷婷国产精品香蕉| 日韩精品av一区二区三区| 国产精品天天看天天狠| 毛片在线看免费| 男女高潮喷水在线观看| 国产精品中文字幕二区| 377P欧洲日本亚洲大胆| 久久国产成人av蜜臀| 人妻系列无码专区69影院| 国产一区二区三区黄色片| 青青草视频网站免费观看| 国产精品深夜福利免费观看 | 国产精品中文第一字幕| 日本三级理论久久人妻电影| 日韩在线欧美丝袜99| 亚洲综合成人一区二区三区| 男女肉粗暴进入120秒视频|